Bosphorus Gaz Corporation
Encyclopedia
Bosphorus Gaz Corporation is a gas importer and distributor in Turkey
. It controls about 3% of the Turkey's natural gas market.
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. In 2009, Gazprom raised its share in the company from 40% to 51%. Later this year, Gazprom Germania acquired additional 20% of shares. This acquisition is pending of approval from Turkish authorities. Rest of the share are hold by Tur Enerji, a joint venture of the Şen family and Ringas Management B.V.
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. 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.
Turkey
Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...
. It controls about 3% of the Turkey's natural gas market.
The company was established in 2003 in Istanbul. In 2004, Gazprom Germania
Gazprom Germania
GAZPROM Germania GmbH , a company registered in Berlin, Germany, is headquarters of a diversified conglomerate, GAZPROM Germania Group, operating in more than 20 countries, and is a 100% subsidiary of the world's largest natural gas company, Gazprom....
a subsidiary of the Russian gas company Gazprom
Gazprom
Open Joint Stock Company Gazprom is the largest extractor of natural gas in the world and the largest Russian company. Its headquarters are in Cheryomushki District, South-Western Administrative Okrug, Moscow...
, became shareholder in Bosphorus Gaz. In 2009, Gazprom raised its share in the company from 40% to 51%. Later this year, Gazprom Germania acquired additional 20% of shares. This acquisition is pending of approval from Turkish authorities. Rest of the share are hold by Tur Enerji, a joint venture of the Şen family and Ringas Management B.V.
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
BOTAS
BOTAŞ Petroleum Pipeline Corporation is the state-owned crude oil and natural gas pipelines and trading company in Turkey. The company was established in 1974 as a subsidiary of Türkiye Petrolleri Anonim Ortaklığı...
from Gazprom. 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.