Naturelgaz, Turkey’s leading distributor of affordable and environmentally-friendly fuel, CNG, opens its 11th natural gas station in Kayseri.

Naturelgaz, 80% owned by Global Energy A.S., a subsidiary of Global Investment Holdings in the energy sector, advances its leadership in Turkey in the field of compressed natural gas (CNG). Naturelgaz has been awarded a three-year rental contract to operate a natural gas station in a tender organized by Kayseri Metropolitan Municipality by bidding TL1,350,000 for a plot of 5,925 square meters. As a result of this win, Naturelgaz will introduce CNG, an efficient and affordable source of energy, to the residences and businesses of Kayseri.

Considering Kayseri an important market due to its constantly growing industry and economy as well as significant investments in recent years, Naturelgaz will satisfy the entire fuel demand of public bus and light commercial vehicle fleet in Kayseri in addition to supplying fuel to logistic companies operating in the region. Today in Kayseri, 190 public buses that are running on CNG are targeted to be served by Naturelgaz. Naturelgaz will plan to convert an additional 180 public buses with dual fuel (CNG, diesel) kits. As such, Naturelgaz, which will also convert Saray Group’s vehicles and tractors, aims to meet the entire fuel demand of Kayseri’s public and private sector.

CNG, suitable for both diesel and oil vehicles stands out as an affordable, environmentally friendly and safe source of alternative energy. As the only 120 octane fuel, CNG’s per kilometre cost is 75% cheaper compared to oil while it costs 35% and 25% less vs. diesel and LPG, respectively. Naturelgaz is the first company with a license to carry out the necessary engine conversion process for CNG, which is also commonly consumed worldwide.

Naturelgaz, as the operator of the first build-operate-transfer CNG station in Turkey, serves a wide array of customers ranging from big industrial enterprises to SME’s as well as residential apartment blocks and hotels. The company currently has 11 stations across Turkey, in Osmaniye, Bolu, Sakarya, Bursa, Manisa, İzmir, Aydın, Afyon, Antalya, Konya, including the natural gas station in Kayseri. Naturelgaz carries out its investments at full speed in order to extend the reach of CNG and as such aims to have 17 stations throughout the country by the end of 2013.

About Naturelgaz:

Naturelgaz is a licensed company with Global Investment Holdings and Goldenberg Group partnership since 2004. The Company’s current business is the sale and distribution of bulk Compressed Natural Gas (CNG) as well as the provision of necessary equipment and installation services for the customer’s facilities. Besides growing in the bulk CNG market, the Company plans to expand its existing CNG business into retail by entering the transportation industry. The largest three companies operating in the market account for approximately 95% of the total CNG consumption. Naturelgaz is the largest company in the sector with approximately 60% market share.

About GIH:

Global Yatırım Holding A.Ş. (Global Investment Holdings) was regrouped as a holding company on October 2004 (www.globalyatirim.com.tr) to hold a diversified portfolio of investments in a number of businesses, including infrastructure, real estate, energy, and financial services. Global Investment Holdings is listed on the Borsa Istanbul (as GLYHO.IS) and utilizes its experience in the finance industry for industrial business opportunities.

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