Baskent Natural Gas

Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. is an infrastructure company providing natural gas distribution services in Ankara. The company, whose current legal name includes the GYO (real estate investment trust) designation, has Torunlar Enerji as its parent company. Its shares trade on Borsa Istanbul under the ticker BASGZ; BASGZ stock is among regulated gas distribution companies.

In its Ankara distribution area, the company operates, maintains and expands the natural gas network, connects new subscribers to the system and provides metering services. The network, which serves residential, commercial and industrial consumers in the capital, is operated under a long-term distribution licence.

The earnings of gas distribution companies depend on the tariff methodology set by the regulator, the investment amounts recognised and inflation adjustments. Weather conditions in Ankara affect winter consumption, while urban growth drives subscriber numbers; the length of the licence term is also taken into account in valuation. On Lzzo.com, the BASGZ page lets you review the price history and technical indicators.