9,936.76 TRY BIST 100 BIST 100
33.95 USD USD USD
37.74 EUR EUR EUR
4.82 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
42.36 TRY Interest Interest
72.78 USD Fossil Oil Fossil Oil
28.74 USD Silver Silver
28.74 USD Copper Copper
91.32 USD Iron Ore Iron Ore
373.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,753.33 TRY Gold (gr) Gold (gr)

Regulation on liquefied natural gas and green energy fields

The Law Amending the Mining Law and Certain Laws entered into force after being published in the Official Gazette. Regulations were made regarding renewable energy fields. Law No. 4646 on Natural Gas Market was amended to include "liquefaction of natural gas: The definition of "liquefaction of domestically produced and/or imported natural gas for the purpose of export abroad or resale within the country" was added.

Regulation on liquefied natural gas and green energy fields

Within the scope of the amendment, new paragraphs were added to the Coastal Law No. 3621. Accordingly, renewable energy generation plants can be established in the areas of seas, dam lakes, artificial lakes and natural lakes declared as renewable energy resource areas by the Ministry of Energy and Natural Resources, except for the reservoirs and wetlands from which drinking and utility water is supplied and the coasts and coastlines within the scope of the said law, without a zoning plan.

In these areas, legal entities holding pre-license or production licenses based on hydraulic resources can establish multi-source production facilities based on renewable energy resources. In order to meet the electricity needs of the facilities for agricultural irrigation purposes belonging to the General Directorate of State Hydraulic Works (DSİ) or irrigation unions in the designated areas, unlicensed electricity generation facilities based on renewable energy resources can be established by the General Directorate of DSİ or irrigation unions with the permission of the General Directorate.

In addition, the relevant municipalities and their affiliates may establish unlicensed electricity generation facilities based on renewable energy sources with the permission of the General Directorate of DSİ in the aforementioned areas within the municipal boundaries.

Liquefied natural gas article added

Law No. 4646 on Natural Gas Market was amended to add the definition of "liquefaction of natural gas: Liquefaction of domestically produced and/or imported natural gas for the purpose of exporting it abroad or reselling it domestically".

"Legal entities that will operate liquefaction facilities to be established for the purpose of liquefying domestically produced and/or imported natural gas and exporting it abroad or reselling it domestically are required to obtain a license from the Board. Legal entities applying for a natural gas liquefaction license must have the technical and economic power and meet other conditions specified in the regulations. Activities carried out in liquefaction facilities are not considered as storage activities. Liquefaction facility operators are responsible for the construction and operation of the facilities they operate in accordance with the relevant standards and technical criteria. The procedures and principles regarding the activities to be carried out in liquefaction facilities shall be determined by the Board with the opinion of the Ministry."

Law No. 5627 on Energy Efficiency was amended to read: "Applicant: Real or legal persons who wish to benefit from energy efficiency supports," "Carbon intensity: The amount of carbon dioxide emissions emitted per unit product and/or area or similar" and "Specific energy consumption: The amount of energy consumed per unit product and/or area or similar" definitions have been added.

Within the scope of the amendment made to the Nuclear Regulation Law No. 7381, the operator will be able to transfer the obligation to take out insurance or provide collateral for the transportation of nuclear materials to the carrier in return for obtaining the necessary approvals, with explicit provisions to be included in the written contract to be made with the carrier that the carrier's request and the operator's consent are present. The carrier that takes over the obligation will be responsible as the operator within the scope of the law.

Law No. 6446 added a temporary article to the Electricity Market Law. Accordingly, except for the ones that have been entitled due to the contracts signed as a result of the renewable energy resource areas competitions, if the legal entities that want to terminate their existing generation licenses, pre-licenses, license applications or modify them by reducing the installed power before the effective date of this article, if they apply within two months following the effective date of this article, their licenses, pre-licenses, license applications will be terminated or modified and their guarantees will be partially or completely returned according to their interest.

If the legal entities who wish to cancel the contracts signed as a result of the renewable energy resource areas competitions apply to the Ministry within two months following the effective date of this article, all rights and obligations under the relevant contracts and agreements will be terminated, their production licenses, pre-licenses and pre-license/license applications will be terminated and their collaterals will be returned.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

Netherlands restricts exports of chip manufacturing equipment

Saturday, September 7, 2024

Minister Simsek: “We left behind a challenging period in the economy, growth and stability are improving”

Monday, September 2, 2024

China's economic growth rate falls

Saturday, August 31, 2024

Consumer confidence index increased in August

Thursday, August 22, 2024

European electricity costs surge in July due to increased demand

Tuesday, August 13, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now