Bosphorus Gaz Corporation

Bosphorus Gaz Corporation
private
Industry oil and gas
Founded 2003
Headquarters Istanbul, Turkey
Key people
 Ali Şen (President)
Metin Şen (Director-General)
Products natural gas
Services distribution of natural gas
Parent Gazprom
Website www.bosphorusgaz.com

Bosphorus Gaz Corporation is a gas importer and distributor in Turkey. It controls about 3% of the Turkey's natural gas market.[1]

The company was established in 2003 in Istanbul. In 2004, Gazprom Germania a subsidiary of the Russian gas company Gazprom, became shareholder in Bosphorus Gaz.[2] In 2009, Gazprom raised its share in the company from 40% to 51%.[1] Later this year, Gazprom Germania acquired additional 20% of shares.[2][3] This acquisition is pending of approval from Turkish authorities. Rest of the shares are held by Tur Enerji, a joint venture of the Şen family and Ringas Management B.V.[2]

In 2005, Bosphorus Gaz won a tender to resell until 2021 750 million cubic meters of the gas purchased by the Turkish energy company BOTAŞ from Gazprom.[1] According to Gazprom, Bosphorus Gaz explores various possibilities of participating in the privatization of the country's gas distribution networks and in building underground gas storage tanks in Turkey.[1]

References

  1. 1 2 3 4 "Gazprom gains foothold in Turkey". RBC Daily, Kommersant. RIA Novosti. 2009-08-09. Retrieved 2010-07-21.
  2. 1 2 3 "Daily Market Watch - Jul 9, 2010". Finam Investment Holding. 2010-07-09. Retrieved 2010-07-21.
  3. ↑ Kardas, Saban (2009-09-25). "Liberalization of the Turkish Energy Market Sparks Russian and European Interest". Eurasia Daily Monitor (The Jamestown Foundation). Retrieved 2010-07-21.

See also

External links

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