Turkey discovers large natural gas reserve off Black Sea coast

News Network
August 21, 2020

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Ankara, Aug 21: Turkish President Recep Tayyip Erdogan has announced the discovery of a large natural gas reserves off the Black Sea coast, days after he promised a good news that would usher in a for the energy dependent country.

Erdogan said on Friday that the amount of gas discovered is 320 billion cubic meters, adding that he hopes to start extracting and using the gas by 2023.

If confirmed as recoverable resources, the reserves could ease the country''s dependence on costly energy imports and could ease the financial market jitters that have seen the country''s currency plummet to record lows this summer.

The Turkish drilling ship, Fatih, had been carrying out exploration operations in the Tuna-1 sector in the western Black Sea for the past month. The sector is near where Romania has also found gas reserves.

The discovery comes as tensions between NATO allies Turkey and Greece are running high over oil and gas exploration in disputed waters in the eastern Mediterranean.

Greek and Turkish warships have been shadowing each other after Turkey sent a research ship to look for potential undersea oil and gas deposits. The Turkish ship is scheduled to search for energy reserves there until August 23.

Separately, Turkey is also at odd with Cyprus over energy exploration around the island. It has dispatched warship-escorted vessels off Cyprus''s coast to drill for gas, insisting that it''s acting to protect its interests and those of Turkish Cypriots to the area''s natural resources.

The Greek Cypriot government of the ethnically split island has slammed Turkey for encroaching in its waters and economic rights.

The discovery of the natural gas reserve would come as a welcome respite for the country which is dependent on Iran, Iraq and Russia for its energy and is grappling with economic woes. Last year, energy imports cost the country USD 41 billion.

The Turkish lira has tumbled to record lows this months, fueled by high inflation, a wide current account deficit and the Turkish government''s push for cheap credit to drive an economy that was already fragile before the COVID-19 pandemic hit.

The currency however, recovered some losses following reports of the discovery of gas deposits. 

Comments

kushal kumar
 - 
Saturday, 22 Aug 2020

According to news reports , Greece and Egypt signed a deal on 6 August 2020 , to set up a maritime zone in the eastern Mediterranean for exploring energy resources. This seems to have enraged Turkey which is reported to have sent on 10 August 2020 its drilling ship to the disputed territory in the eastern Mediterranean sea for exploration of energy resources. Amid high tensions , Greece is reported to have brought their grievance to Foreign Affairs Council in the EU for appropriate solution. The news reports also suggest that Greece has also moved its naval fleet to the eastern Mediterranean , seeking , direct or indirect , support of Israel , the US and EU. France has already deployed some ships and military jets in the affected area. Later news reports on 21 August 2020 claim that Turkey has discovered large natural gas reserve off Black Sea. It can be reasonably believed that the discovery of gas reserves may have taken shape on 19 or 20 August , the dates predicted as something historic , something rare by this writer on 20 July , 2020. Besides , latest developments of strategic nature having military angle have shaped up on or around 19 August , 2020 , when the U.S. warship , the USS Hershel Woody Williams , is reported to have arrived in the Greek Island of Crete , on a mission to keep an eye on escalating tensions between NATO allies Greek and Turkey over energy resources rights in the eastern Mediterranean sea. The said U.S. warship is reported to have joined other vessels from the European Union and Russia in the region , where Ankara and Athens are locked in the dispute over territorial waters.

It is , however, noteworthy that these developments having war-like tension in the region have taken shape during the period alerted by this Vedic astrology writer on 20 July 2020 , through article -“ Planetary configuration in August-September 2020 suggest something historic , something rare” - published at nirpakhawaaz.com on 20 July 2020. This writer had sought to alert by predicting that months of August and September in 2020 looked to be presenting something historic , something rare amid war-like situations or enterprise across vulnerable countries in the world. The planetary impacts during these two months can be read to imply a mini- WW3 or could have potential of a full-fledged WW3. It may also be observed from the said article that 10 August 2020 was particularly included in the list of dates calling for attention on matters loaded with potential to mini - war or even something like WW3. http://www.nirpakhawaaz.com/2020/07/20/planetary-configuration-in-august-september-2020-suggest-something-historic-something-rare/
In the said article of 20 July 2020 , the dates 10 , 11 , 19 , 20 , 27 , 28 and 29 in August 2020 closely relevant to the alerts for more attention and appropriate strategy , were indicated.
Similarly dates 6 to 8 , 15 to 17 and 24 to 25 in September 2020 were mentioned as precisely relevant.

There is another predictive article of this writer becoming relevant to the ongoing tensions during August 2020 between Greece and Turkey in the eastern Mediterranean sea. This writer’s predictive alerts of 11 November 2019 for the U.S. were published in article - “ Astrological predictive alerts for 2020” - at wisdom-magazine.com/Article.aspx/5176/ on 1 January 2020. As predicted in the said article , the US has been called upon around mid-2020 to address an issue in the Mediterranean sea having oil-gas , which goes to confirm accuracy and meaningfulness of the following:-
“ 3. The months of April to June , particularly May-June or later in 2020 , look to be trending into the scene some serious landscapes. There could be some war or war-like conditions across the world , WHICH THE US MAY BE CALLED UPON TO ADDRESS. SEA OR OIL REGIONS OR SUCH STUFF SEEMS TO BE CALLING ATTENTION”.

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News Network
October 2,2024

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Israel will launch a “significant retaliation” to Iran’s missile attack within days that could target oil production facilities inside Iran, Axios reports citing Israeli officials.

The Israeli military late on Tuesday said Iran launched around 180 missiles at its territory, most of which were intercepted.

Iranian media carried online footage of what they said were missiles being fired, which the Islamic Revolutionary Guard Corps said were targeting “three military bases” around Tel Aviv and other bases.

The Revolutionary Guards said “90 percent” of the missiles “hit their targets” late Tuesday.

Israeli Prime Minister Benjamin Netanyahu has vowed to hit back following the attack.

“Iran made a big mistake tonight - and it will pay for it,” he said at the outset of an emergency political security cabinet meeting late on Tuesday, according to a statement.

Washington said it would work with longtime ally Israel to ensure Iran faced “severe consequences” for Tuesday’s attack.

US Secretary of Defense Lloyd Austin spoke to Israeli Defense Minister Yoav Gallant late on Tuesday and said Washington was “well-postured” to defend its interests in the Middle East, the Pentagon said in a statement.

“The minister and I expressed mutual appreciation for the coordinated defense of Israel against nearly 200 ballistic missiles launched by Iran and committed to remain in close contact,” Austin said separately in a post on X.

US Navy warships fired about a dozen interceptors against Iranian missiles headed toward Israel, the Pentagon said. Britain said its forces played a part “in attempts to prevent further escalation in the Middle East”, without elaborating.

The Pentagon said Tuesday’s airstrikes by Iran were about twice the size of April’s assault by Iran on Israel.

A painful response

Israel activated air defenses against Iran’s bombardment on Tuesday and most missiles were intercepted “by Israel and a defensive coalition led by the United States,” Israeli Rear Admiral Daniel Hagari said in a video on X, adding: “Iran’s attack is a severe and dangerous escalation.”

Iran’s forces on Tuesday used hypersonic Fattah missiles for the first time, and 90 percent of its missiles successfully hit their targets in Israel, the Revolutionary Guards said.

In a statement on state media, the general staff of Iran’s armed forces said any Israeli response would be met with “vast destruction” of the latter’s infrastructure.

It also said it would target the regional assets of any Israeli ally that got involved.

Fears that Iran and the US could be drawn into a regional war have risen with Israel’s growing assault on Lebanon in the past two weeks, including the start of a ground operation there on Monday, while its conflict in the Gaza Strip is a year old.

US President Joe Biden expressed full US support for Israel and described Iran’s attack as “ineffective.” Vice President Kamala Harris, the Democratic presidential candidate, backed Biden’s stance and said the United States would not hesitate to defend its interests against Iran.

“We will act. Iran will soon feel the consequences of their actions. The response will be painful,” Israel’s UN Ambassador Danny Danon told reporters.

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News Network
September 29,2024

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Jerusalem, Oct 28: Israel said on Sunday it was carrying out new air raids against civilians and Hezbollah targets in Lebanon, after assassinating resistance group’s leader Hassan Nasrallah.

Hezbollah confirmed on Saturday that its leader Nasrallah was assassinated in an Israeli strike a day earlier on Beirut’s southern suburbs, dealing a massive blow to the group he had led for decades.

Lebanon has declared three days of mourning for Hassan Nasrallah.

The development marks a sharp escalation in nearly a year of tit-for-tat cross-border fire between Hezbollah and Israel, and risks plunging the whole region into a wider war.

Israel continued to pound Lebanon on Sunday, with the ruthless military confirming it attacked dozens of targets in the territory of Lebanon in the last few hours.

The military has attacked hundreds of Hezbollah targets throughout Lebanon since Saturday, it said, as it seeks to disable the group’s military operations and infrastructure.

Israel has raised the prospect of a ground operation against Hezbollah, prompting widespread international concern.

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News Network
October 2,2024

The Ministry of External Affairs (MEA) has issued a travel advisory for Indian citizens in light of the escalating tensions in the Middle East, specifically advising against non-essential travel to Iran.

"We are closely monitoring the recent escalation in the security situation in the region. Indian nationals are advised to avoid all non-essential travel to Iran. Those currently residing in Iran are requested to remain vigilant and stay in contact with the Indian Embassy in Tehran," the Ministry of External Affairs said.

For those already residing in the country, the MEA advised vigilance and recommended staying in close contact with the Indian Embassy in Tehran for any assistance. The situation continues to be under observation as tensions in the region unfold.

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