Naturelgaz Sanayi ve Ticaret A.S. entered into an share purchase agreement to acquire Socar Turkey LNG Satis A.S from SOCAR Turkey Enerji A.S. on February 6, 2020. Upon the completion of transaction, Naturelgaz and SOCAR Turkey LNG are planned to merge under Naturelgaz. The transaction is subject to regulatory approval, anti trust approval as well as completion of the pre-conditions. As of July 22, 2020, The Turkish Competition Authority approved the deal. Naturelgaz Sanayi ve Ticaret A.S. completed the acquisition of Socar Turkey LNG Satis A.S from SOCAR Turkey Enerji A.S. for TRY 32.4 million on October 30, 2020.