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Aygaz, OMV, 11 Firms Seek to Sell Russia Gas to Turkey

(Corrects to say some companies signed gas purchase agreements with Gazprom in second paragraph of story published yesterday.)

Thirteen Turkish companies including Aygaz AS (AYGAZ), owned by Koc Holding AS (KCHOL), OMV AG (OMV)’s unit OMV Enerji and Aksa Dogalgaz, a unit of Kazanci Holding AS, applied to the energy-market regulator for licenses to import natural gas from Russia.

Maya Petrol, Uzman Enerji, Angora Gaz, Bosphorus Gaz, Nature Gaz, Hattusa Gaz, Bati Hatti Dogalgaz Ticaret, Akfel Gaz, Coren Enerji and Kibar Enerji also applied to the Ankara-based regulator, the state-run Anatolia news agency reported at the weekend. Some of the companies have signed gas purchase agreements with Gazprom OAO (GAZP), it said.

The companies will compete for 6 billion cubic meters of gas, about 15 percent of Turkey’s annual consumption, which state pipeline company Boru Hatlari ile Petrol Tasima AS, or 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, Turkey’s biggest city.

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.

To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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