Tuesday, December 6, 2016

Turkey's top private gas importer placed under new administration - ICIS

06 December 2016 09:50By Aura Sabadus

Board members at Turkey’s largest natural gas importer Akfel, a company partly owned by Gazprom, were removed on Friday, placing the firm under the control of a new administration, sources close to the matter told ICIS.

The development raises concerns regarding the future of Turkey’s private gas sector, as the company had been at the forefront of private enterprise in the sector.

There are no official details as yet regarding the change.

A number of private Turkish energy companies have been nationalised in the past months amid allegations of links to a religious group accused of masterminding a failed coup in July.