The first step towards natural gas transportation and trade in
Turkey was taken with the 25-year contract signed between
BOTAŞ and Soyuzgaz Export (USSR) in 1986. The first actual
natural gas import was carried out it 1987. The decision of
Petroleum Pipeline Corporation (BOTAŞ) in 2011 to decline
extending its natural gas purchasing contract with Gazprom Export
for purchasing up to 6 billion meter cubes of natural gas per year
was an important development in the Natural Gas Market, increasing
the share of the private sector.
Main legislation in Oil & Gas Market in Turkey
Energy Market Regulatory Authority ("EMRA") provided
with legal entity holds administrative and fiscal autonomy. EMRA
regulates oil and gas extraction. Main and mostly applied laws Oil
- Gas market is Natural Gas Market Law numbered 4646, Petroleum
Market Law numbered 5015, and Liquefied Petroleum Gas (LPG) Market
Law numbered 5307. There are also specific environmental laws about
oil and gas
