NEWSLETTER-2020-metin

438 NEWSLETTER 2020 Regulation on the Organized Wholesale Natural Gas Sales Market 1 that was published to ensure pricing of natural gas in the market is now regulated under the law through these recent amendments. Moreover, the term of ‘last resource supply’ is also defined in the Natural Gas Market Law, and regulations as to its operation was stipulated. With reference thereto, one or more license holders may be authorized by the Board as the last resource supplier to provide consumers who cannot be supplied with gas due to the supplier com- panies’ bankruptcy, cancellation of their licenses, and/or their failure to meet requirements within the scope of the OTSP, or consumers who cannot be supplied with gas even though they hold the right as an eligible consumer. The Board will, again, determine the last resource suppliers and the last resource tariffs. Amendments Regarding the Expansion of the Use of Natural Gas The natural gas generated in line with the Natural Gas Market Law is transferred by transmission and delivery contracts made with transmission companies. In line with the new provision, if the Board decides that the transmission of the generated natural gas via the transmission network is not technically and economically feasible, a connection will be made to the distribution network by the genera- tor company, and the generated natural gas will be purchased by the distribution company at the outset. In accordance with another newly introduced regulation, legal entities wishing to export liquefied natural gas (“LNG”) may carry out LNG transportation, provided that this fact is included in their export licenses and that they do not deliver domestically. Natural gas distribution companies are legal entities that are au- thorized to distribute natural gas and carry out transmission activities via the local gas pipelines in a determined city. With the new regu- lations, distribution companies may perform natural gas distribution activities via feed using the LNG or compressed natural gas (“CNG”) methods in regions that are unreachable by pipelines. Distribution 1 Published in the OG dated 31.03.2017 and numbered 30024.