SOCAR’s LNG import license revoked by Turkey

Turkey’s Energy Market Regulatory Authority (EPDK) has cancelled the license of SOCAR Turkey LNG Satis AS for import of liquefied natural gas (LNG).

“The EPDK has revoked the licenses of 13 companies issued for various activities, including that of SOCAR Turkey LNG Satis AS issued for the LNG import in March 2014 for a period of 30 years,” Turkish media reported Dec. 16.

The EPDK hasn’t commented on the reason for revocation of the license.

In early December, Turkey signed a contract with Qatar for the LNG purchase.

Ankara also has agreements with Algeria and Nigeria for the supply of 4.4 billion and 1.2 billion cubic meters of liquefied natural gas per year, respectively.

/By Trend/