Turkish President Recep Tayyip Erdogan has announced the discovery of a large natural gas reserves off the Black Sea coast, days after he promised “good news” that would usher in a “new era” for the energy dependent country. Euronews reports that announcing the discovery, Erdogan said there was at least 320 billion cubic meters of gas and that he hopes to start extracting and using the gas by 2023, the centenary of the founding of the Turkish Republic, adding that the discovery would ease the country’s dependence on costly energy imports.