Gazprom may exit domestic Turkish natural gas market - RUSSIA TODAY

Pioneering Spirit, the vessel to construct the offshore part of the Turkish
Stream gas pipeline passes Istanbul on May 31, on the way to Russia 

28 Jun, 2017 09:43

Russian gas monopoly Gazprom is expected to leave the Turkish market and will concentrate on gas sales to Turkey, reports business daily Kommersant.

Gazprombank is completing the withdrawal from Promak, a company which owns a 60 percent stake in the two importers of Russian gas to Turkey - Enerco and Avrasya, the newspaper writes.

Gazprom Deputy Chairman Aleksandr Medvedev said the company plans to sell another Turkish asset - Bosphorus Gaz.

According to Medvedev, the Turkish market is "unpredictable" and loses appeal due to the weakening of the lira and regulated tariffs. Kommersant’s sources in the industry said Bosphorus lost about €100 million in 2016.

Gazprom May Lose Shares in Turkey's Largest Private Importer of Russian Gas - SPUTNIK NEWS

20.12.2016, 11:49 
Alexei Danichev

Russian energy giant Gazprom may lose its shares in Akfel Holding, the largest private importer of Russian gas to Turkey, which was recently nationalized. 

MOSCOW (Sputnik) — Earlier in December, Turkish authorities decided to take the company under the state control and removed the board of directors, with Gazprom's status in the company becoming unclear. 

"We have been simply deprived of the most effective and profitable gas seller in Turkey," the source, familiar with the matter said, as quoted by the Kommersant newspaper. 

According to the newspaper, Turkey's Savings Deposit Insurance Fund (TMSF) currently "performs the functions of the stakeholders." The TMSF has unofficially informed Gazprom about it's new functions, the paper reported.