Support The Moscow Times!

Turks Seek Gas Licenses

Thirteen Turkish companies applied to the energy-market regulator for licenses to import natural gas from Russia.

The companies include Aygaz, owned by Koc Holding, OMV and Aksa Dogalgaz, a unit of Kazanci Holding.

Some of the companies have signed gas purchase agreements with Gazprom, the state-run Anatolia news agency reported over the weekend.

The companies will compete for 6 billion cubic meters of gas, about 15 percent of Turkey's annual consumption, which state pipeline company Botas imported from Russia via Bulgaria under a contract that expired at the end of last year, according to the agency. The pipeline supplies gas mainly to Istanbul.

The firms are required to set up facilities within five years to store as much as 10 percent of their annual gas imports after starting operations, the agency said. The regulator last year rejected all 26 firms that applied for gas import licenses because they failed to sign contracts with Gazprom, it said.

(Bloomberg)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more