Latest News: German Ewe sells gas companies from Bursa and Kayseri to SOCAR



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Turkey, using natural gas of more than 50 billion cubic meters per year. Investments continue to expand natural gas to all provinces and districts. The sector is going through a busy period.

German giant EWE AG EWE Turkey now under the roof, that Turkey joined in 2007, comes from the natural gas market.

group; Bursagaz has sold its four subsidiaries, namely Kayserigaz, EWE Enerji and Enervis, to SOCAR. He says the parties have signed $ 140 million. The sale should be officially announced in a few days.

EWE had an 80% stake in Bursagaz and Kayserigaz. Çalık Enerji holds a 10% stake in Bursagaz and Kayserigaz. The remaining 10% belong to the municipalities concerned.

Natural Gas Pipeline Trans-Anatolian Project TANAP is the largest shareholder of SOCAR, has billions of dollars of investments in the energy sector in Turkey.

SOCAR, the owner of PETKİM, recently opened the STAR refinery in İzmir. EWE bought by SOCAR Energy with an annual supply volume of 2 billion cubic meters of natural gas in Turkey manages the largest private wholesale portfolio. SOCAR is said to be targeting growth in this area.

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