ENGIE x Gazprom: Key milestone in the Turkish natural gas market

Few weeks ago, a key milestone happened in the Turkish natural gas market. Gazprom did its first gas auction on its Electronic Sales Platform (ESP) for the Turkish market for December 2020. ​
Few weeks ago, a key milestone happened in the Turkish natural gas market. Gazprom did its first gas auction on its Electronic Sales Platform (ESP) for the Turkish market for December 2020. ​ ​ ENGIE successfully purchased first volumes at Malkoçlar (Bulgaria-Turkey border exchange point) for the Turkish market. This deal allows ENGIE to import gas to Turkey via Bulgaria for the very first time. ​ ​ ENGIE Global Energy Management Turkey (as ETP legal entity) joined this tender with the access of ENGIE.​ ENGIE transfers the gas in Bulgarian – Turkish Border (Malkoclar) while Global Energy Management Turkey ) is one of the first spot pipeline gas importers in Turkey. ENGIE was the only buyer in the auction.​ ​ This deal opens up a new delivery point in the relationship with Gazprom and hopefully future opportunities for cooperation.

ENGIE successfully purchased first volumes at Malkoçlar (Bulgaria-Turkey border exchange point) for the Turkish market. This deal allows ENGIE to import gas to Turkey via Bulgaria for the very first time. 

 

ENGIE Global Energy Management Turkey (as ETP legal entity) joined this tender with the access of ENGIE.

 

ENGIE transfers the gas in Bulgarian – Turkish Border (Malkoclar) while Global Energy Management Turkey ) is one of the first spot pipeline gas importers in Turkey. ENGIE was the only buyer in the auction.

 

This deal opens up a new delivery point in the relationship with Gazprom and hopefully future opportunities for cooperation.

More information on S&P Global Platts and with our LinkedIn post