EUROPE

Amity gains Turkish wholesale gas license

Amity Oil has become the first private sector natural gas production company in Turkey to hold a Wholesale Gas Licence.

The Energy Marketing Regulatory Authority of the Republic of Turkey granted Amity the licence, which will enable the company to not only market its own gas, but to buy additional gas from other sources to market to 'Free Consumers' - electricity generators, co-generators and any other consumers purchasing more than one million cubic metres of gas per year.

Amity said the decision will strengthen its position in the Turkish market by allowing it to trade gas to take advantage of market conditions; swap gas at different points along pipelines for commercial gain and where commercially appropriate, to purchase and on-sell gas to satisfy major consumers.

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