Energy Law Proposal General Features
The main features of the Energy Law Proposal, detailed information about current regulations and targets in the energy sector. Examine energy policies and recommendations regarding renewable energy sources.
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The Law Proposal on Making Amendments to the Mining Law and Some Laws Containing Regulations in the Energy Sector was approved by the Turkish Grand National Assembly. Significant changes have been made in the energy sector with the regulations introduced.
Amendments to the Mining Law
With the amendments in the Mining Law, the reporting obligation according to the National Mineral Resource and Reserve Reporting Commission (UMREK) code will continue for ‘Group 4’ mining operating licenses. The obligation and punitive sanctions in other mining groups have been removed.
Liquefaction of Natural Gas
With the regulations in the liquefaction of natural gas field, Turkey aims to become a trading hub for natural gas by liquefying domestically produced and imported natural gas and marketing it as LNG in global markets.
YEKA Competitions and Licensing
Rules and principles regarding Renewable Energy Resources Areas (YEKA) competitions have been determined, and the competition specifications have been set by the Ministry of Energy and Natural Resources. Moreover, significant changes have been made in the licensing processes.
Support for Energy Efficiency Projects
Changes in the Energy Efficiency Law support energy efficiency projects and establish a specific support mechanism for these projects.
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