In a major development, Turkey has announced a significant gas discovery in the Black Sea. President Recep Tayyip Erdogan said the natural gas reserve is 320 billion cubic metres and the find is the “biggest” in Turkish history.

The transcontinental country aims to bring it to use in 2023 and to become a net energy exporter.

Noting that energy is not only a fundamental element of development but also plays an important role in achieving national independence to the fullest, President said “realization of the visions” set out by countries is in proportionate to the stability in the energy industry.