As of year end 2013, Akfel commands a 60% market share in terms of total gas imported, among private companies
Natural Gas
Ever since the start of the liberalization, Akfel has been an active player and evolved to become a leader in Turkey’s natural gas market.
Imports
Three Akfel companies with joint venture partnerships hold import licenses and contracts with Gazprom that enable them to import 5.25 billion m3 per year. SOCAR Gas, a SOCAR-Akfel joint venture, also supplies 1.2 billion m3 of natural gas from Azerbaijan annually.
Akfel has more gas supply points than any other privately-owned gas importer active in Turkey today. The company’s long-term licenses give it the ability to supply 6.45 billion m3 of natural gas a year.
Akfel began importing natural gas into Turkey on 1 April 2009. As of 31 December 2014, the Company had imported a total of 21.7 billion m3 of which 19.4 billion m3 was from Russia and 2.3 billion m3 was from Azerbaijan.
Thanks to the strong business partnerships that it has built up in the commodity trade, Akfel single-handedly supplies 14% of the natural gas that Turkey needs.
Akfel subsidiaries and joint ventures booked more capacity than any other privately-owned firm in Turkey.
Trade
Between 2009-2014, Akfel subsidiaries and joint ventures traded a total volume of 24.7 billion m3 of gas.
These companies’ supply portfolios consist of long-term importing and short-term wholesaling contracts, while their sales portfolios consist of medium- and long-term contracts and a mix of spot, seasonal swap, and commodity swap agreements. Actively engaged in all gas market segments, Akfel’s customer portfolio consists of wholesalers, local gas distributors, power generators, and major industrial customers.
Storage
In order to ensure an uninterrupted flow to the customers, Akfel has been making use of the natural gas storage facility located in Silivri, west of Istanbul, ever since the Turkish Petroleum Company initiated third party access.
Akfel subsidiaries and joint ventures booked more capacity than any other privately owned firm in Turkey.
LNG
Two Akfel companies–Enerco and Akfel Energy–are licensed to import LNG into Turkey on a spot basis.
In order to ensure an uninterrupted flow to the customers, Akfel has been making use of the natural gas storage facility located in Silivri, west of Istanbul, ever since the Turkish Petroleum Company initiated third party access.
Having identified this business line as one in which to further expand its performance, Akfel keeps its eye on LNG market developments.
As of year end 2013, Akfel commands a 60% market share in terms of total gas imported, among private companies.
As of year end 2013, Akfel commands a 60% market share in terms of total gas imported, among private companies.
COMPANIES
AKFEL IN BRIEF
Established in Istanbul since 1995, Akfel has played a significant role in the regional energy markets with its strategic partnerships.
ADDING VALUE TO LIFE
We are a young, ambitious and dynamic player in the global energy market. We are focused on delivering enduring value for all of our stakeholders and in order to achieve this we have the right energy, know-how and capabilities.
