Gazprom 'leaves' Turkish internal market - media

Gazprom 'leaves' Turkish internal market - media

Gazprom group may leave the Turkish internal market already this year, as Gazprombank is at a final stage to sell Promak, which controls Energo and Avrasya, importers of Russian gas to Turkey, Kommersant business daily reported Wednesday citing sources familiar with the matter.

Gazprombank could sell its 40% stake in Promak for around US $40 million, the sources said, while the bank declined to comment.

Gazprom also has plans to sell its 71% stake in Bosphorus gas to Turkey’s Sen Group, which currently holds the remaining 29% stake, Prime reported.

Gazprom Deputy Chairman Alexander Medvedev earlier said that Gazprom is considering withdrawing from the Turkish Bosphorus Gaz Corporation.

"The events in the Turkish market are complex, due to the economic situation in Turkey," Medvedev explained.

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