World giants queue up to buy natural gas distributor IGDAS

With Ankara’s gas distributor, Baskent Dogalgaz, privatized last week, eyes have now turned to Istanbul’s IGDAS. Servicing almost 4.2 million customers and with annual distribution of 4 billion cubic meters of natural gas, IGDAS is twice as big as Baskent Dogalgaz. Over 20 large, international companies, including Russian Gazprom, French Gaz de France, Italian Eni and German EWE and ENBW, have expressed an interest in buying İGDAŞ at a tender whose date will soon be announced.

It is expected that following the legal modifications to be made by the Privatization Administration, foreign companies will be more interested in investing in IGDAS, which has annual earnings of approximately $2 billion and employs more than 2,000 personnel.

Source: Today’s Zaman

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One Response to “World giants queue up to buy natural gas distributor IGDAS”

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