Autogas

Industrial gas being sold widely as motor fuel

Fuel market professionals speak of major smuggling phenomena in the Greek autogas market, estimated to cost the public coffers more than 40 million euros per annum.

They point to the extensive sale of gas destined for industrial use - which is both lower in quality and taxed at a lower rate - being sold at fuel stations as autogas.

Koç unit bids in power plant tender

Turkish LPG distribution company Aygaz said on Sept. 12 its Entek Elektrik Üretim unit, jointly owned with parent Koc Holding, has bid in a tender to operate two hydroelectric power stations.

A previous privatization tender in 2016 for the two power plants, Menzelet and Kılavuzlu, had been canceled, Aygaz said in a statement to the Istanbul stock exchange.