4/1/2009

New actors to begin operations in Turkey's natural gas market

AA - Enerco and Avrasya Gaz, two companies that obtained import license from Turkey's Energy Market Regulatory Authority (EMRA), are set to start selling gas in Turkey. Four actors, in addition to the state-owned natural gas company Botas, will begin operating in Turkey's natural gas market on Wednesday, officials said. After their contracts signed in 2007 to take over some distribution of imported natural gas in Turkey from the state-owned Botas, Enerco will sell 2.5 billion cubic meters (bcm) of natural gas per annum for 14 years and Avrasya Gaz will sell 500 million cubic meters (mcm) of gas for 13 years. Shell and Bosphorus were the first two companies to get the greenlight from EMRA for natural gas sales in Turkey. Meanwhile, Socar-Turcas, the owner of Turkey's petro-chemical company Petkim, has plans to bring 1 bcm of natural gas from Azerbaijan and Turkerler Group has applied to EMRA to import 10 bcm of gas from Iraq. EMRA Chairman Hasan Koktas said the annual natural gas sales by these four companies will amount to USD 1.5 billion in 2009. "Private sector share is expected to account for a ten percent share in Turkey's natural gas consumption in 2009; however, this share will grow in the future," he said.
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