Enerco Energy is maintaining its presence in the Turkish Energy Market with a sales portfolio of 2,8 billion m3 per year.
Enerco Energy
Enerco Energy was incorporated in 2004 for purposes of importing and selling natural gas on wholesale basis in the Turkish Energy Market.
Pursuant to the Temporary Article 2 of the Natural Gas Market Law (Law no. 4646), Enerco Energy took over the purchase and sales contract of 2,5 billion m3 (approximately 26,6 billion kWh) of natural gas as a result of the “Contract Release Tender” to private companies which was held in November 2005, in order to transfer 4 billion m3 of natural gas from the Natural Gas Sale and Purchase Agreement entered into on February 18, 1998 by and between Petroluem Pipeline Corporation (BOTAŞ) and Gazprom Export.
Enerco Energy signed the natural gas sale and purchase agreement with Gazprom Export LLC in September 2007. After the acquisition of the import license in pursuance of the Decision, dated December 31, 2008 of the Energy Market Regulatory Authority (EPDK), and upon the completion of the assignment transactions on March 17, 2009, Enerco Energy was entitled to carry on the import and sales of annually 2,5 billion m3 (Approximately 26,6 billion kWh) of natural gas until 2022.
Enerco Energy began to import natural gas to Turkey on April 4, 2009 and has become the second largest natural gas supplier in the market after BOTAŞ, which is today still the largest one among the private companies. In addition to import by pipeline, Enerco Energy gained the right to import natural gas in LNG form by acquiring the LNG Import License through the EPDK decision in February 2010.
At present, Enerco Energy is maintaining its presence in the Turkish Energy Market with a sales portfolio of 2,8 billion m3 per year.
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.
