Turkey will increase its annual natural gas storage capacity to 11 billion cubic meters (bcm) by 2023, the nation's energy and natural resources minister Berat Albayrak said at the presidential session at the 22nd World Petroleum Congress in Istanbul.
"This daily capacity will first increase to 300 million cubic meters while we will take it up to 400 million cubic meters in two years," Albayrak said.
He also stated that Turkey, with its increased storage capacity of 11 bcm per annum by 2023, promises to be one of the biggest in the region.
Albayrak stressed that Turkey is focusing on strengthening its energy security and domestic energy resources.
"Thus, we focus on our seismic explorations both in the Mediterranean and the Black Sea region. We aim to reveal the gas and oil potential of these seas and want this potential to contribute to the region," Anadolu Agency cited him as saying.