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Bosphorus Gaz Corporation

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https://www.bosphorusgaz.com/?lang=en/

Bosphorus Gaz Corporation
Company typeprivate
Industryoil and gas
Founded2003
Headquarters,
Key people
Ali Şen
Adnan Şen
Mert Goksu
ProductsNatural Gas
Servicesdistribution of natural gas
Parent100% Shareholder Adnan Sen since 2016
Websitewww.bosphorusgaz.com/en

Bosphorus Gaz Corporation is a gas importer and distributor in Turkey. It controls about 25% of Turkey's private 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]

See also

References

  1. ^ a b c d "Gazprom gains foothold in Turkey". RBC Daily, Kommersant. RIA Novosti. 2009-08-09. Retrieved 2010-07-21.
  2. ^ a b c "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.

External links