Type private Founded 2003 Products natural gas | Industry oil and gas Headquarters Istanbul, Turkey | |
Key people Ali Şen (President)
Metin Şen (Director-General) | ||
Bosphorus Gaz Corporation is a gas importer and distributor in Turkey. It controls about 3% of the Turkey's natural gas market.
The company was established in 2003 in Istanbul. In 2004, Gazprom Germania a subsidiary of the Russian gas company Gazprom, became shareholder in Bosphorus Gaz. In 2009, Gazprom raised its share in the company from 40% to 51%. Later this year, Gazprom Germania acquired additional 20% of shares. This acquisition is pending of approval from Turkish authorities. Rest of the shares are held by Tur Enerji, a joint venture of the Şen family and Ringas Management B.V.
In 2005, Bosphorus Gaz won a tender to resell until 2021 750 million cubic meters of the gas purchased by the Turkish energy company BOTAŞ from Gazprom. According to Gazprom, Bosphorus Gaz explores various possibilities of participating in the privatization of the country's gas distribution networks and in building underground gas storage tanks in Turkey.