Turkey opens tap on Azeri gas imports

By bne IntelliNews January 16, 2013

bne -

The Turkish energy market regulator has issued a licence to the local unit of Azeri state-owned energy company Socar to sell its gas on the wholesale market. The move opens the way for Socar to start importing gas into the energy hungry country ahead of the construction of the TANAP pipeline.

Socar Turkey Enerji is now licensed to sell gas wholesale on the Turkish market for 30 years, news.az reports. The report also points out that Socar has also recently set itself up to distribute gas to Turkish consumers with the establishment in November by Socar and Turkish gas company Cig Enerji of Socar Gaz Ticaret.

Kenan Yavuz, head of SOCAR Turkey Enerji, said last year that the company plans to import 1.2bn cubic metros of gas from Azerbaijan beginning from 1 January 2013. Socar Gaz Ticaret says it plans to sell 700-800m cubic meters of Azeri gas to Turkish consumers per year.

The licencing of Socar Turkey Enerji to import gas into Turkey comes ahead of the start of construction of the TANAP pipeline, which will carry Azeri gas to Turkey's border with Bulgaria, from where it will be shipped to an EU hub in Austria. Turkey will take 6bn cubic metres of gas for itself from the pipeline.

Related Articles

Turkey approaches day of reckoning on economic reform

Kivanc Dundar in Istanbul -   The unexpected success of President Recep Tayyip Erdogan’s Justice and Development Party (AKP) in this month’s general election should bring much-desired political ... more

Macedonia kept on hold as Balkans edges towards EU goal

Clare Nuttall in Bucharest -   Macedonia’s EU accession progress remains stalled amid the country’s worst political crisis in 14 years, while most countries in the Southeast Europe region have ... more

Turkey and America seen on course for confrontation in Syria war

John Davison of Exaro - Military action by Turkey against Kurdish rebel forces in Syria raises the prospect of a direct clash with the ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss