Period: 21 Legislative Year: 1 Warning: You Are Viewing The Law, Parliamentary General Assembly Accepted. If It Does Not Contain Any Changes That Are Made Later. The Republic Of Turkey And The Caspian Between The Turkmenistan-Bore Turkish

Original Language Title: Dönem : 21 Yasama Yılı : 1 Uyarı: Görüntülemekte olduğunuz Kanun, TBMM Genel Kurulunda kabul edildiği halidir. Varsa daha sonra yapılan değişiklikleri içermemektedir. TÜRKİYE CUMHURİYETİ VE TÜRKMENİSTAN ARASINDAKİ HAZAR-GEÇİŞLİ TÜRK

Read the untranslated law here: https://www.tbmm.gov.tr/kanunlar/k4466.html

Law No. 4466:3.11.1999 Article 1.-signed in Ankara on October 29, 1998 "Turkey Republic and Turkmenistan Turkmenistan-Caspian-pass Between Turkey-Europe gas pipeline Project (HGB) Performance and the Republic of Turkey from Turkmenistan natural gas Sale Agreement" to be approved. Article 2.-this law enters into force on the date of promulgation. Article 3.-the provisions of this law, the Council of Ministers. The REPUBLIC of TURKEY and TURKMENISTAN Turkmenistan-CASPIAN-pass BETWEEN TURKEY-Europe GAS PIPELINE PROJECT (HGB) PERFORMANCE and the Republic of Turkey from TURKMENISTAN NATURAL GAS SALE AGREEMENT BETWEEN Turkmenistan and the Republic of Turkey (Republic of Turkey and the Government of Turkmenistan, Turkmenistan and the Government of the Republic of Turkey within the scope of this Agreement shall be jointly Parties after that, as the Turkish Side anılacaklardır Side and the Turkmen):-based on the Traditional friendship relations and enhance economic cooperation and strengthen the stability of the common interest; -Turkmenistan-Turkey-Europe natural gas pipeline project and the Republic of Turkey from Turkmenistan natural gas Sale Agreements and other Reconciliation issues earlier desire to take forward Intergovernmental; -The status of parties to energy security and economic boost the opportunities offered by calling and Bore Pipe Line (HGB) Recognizing the importance of the development; -Gas pipeline design, construction, ownership and operation of TCC sale, re-export and transit pass to the legal and practical terms by accepting that need and, at the same time, the creation of this process to speed up the viewing of request; -Third parties Governments, business circles and financial institutions, but also gas pipeline design, construction, ownership, operation and sale of natural gas, re-agreed with transit migration following talk eksportu: article 1. Parties, taking into account the market needs, the construction and the fastest way of realization of the HGB, natural gas produced in Turkmenistan to Turkey and other countries via Austria to Turkey, PKC, Turkey to be sold to the subscribed amount of 16 billion per year as soon as reasonably practicable/m3 will arrive and Europe markets to arzedilen the ability to increase the annual quantities to be open more when added to the annual 30 billion over a period of 30 years/m3 in volume is necessary for individual natural gas and accomplishing mutual actions to coordinate and is intent. The Turkish side Exchange Agreement "take or pay" commitment to comply with the requirement within the Turkmen natural gas purchased by the re-export will be entitled to also reach an agreement with regard to overall employment. (See article 2 and 8) subject to the mutual agreement of the Extra amount, Thomas can be recognised by re-eksport. In any case, any re-eksportun, will be coordinated between the parties and without prejudice to the interests of both sides in the agreement that will bring. Article 2. The parties; the below-mentioned agreements but not after the date of May 30, 1999, to conclude in good faith negotiations of the intergovernmental level. -Turkmen gas transit through Turkey, with all aspects related to the HGB for the Governments of Turkmenistan and Turkish rights and obligations joint and detached to reveal and develop successfully of the HGB, financing, construction and operation and all other necessary agreements to be signed for will form the basis of a Gas pipeline agreement (GBHA). Sales of natural gas to the Republic of Turkey-Turkmen all administrative, legal, financial, and other important conditions regulating Gas purchase and sale agreement (G). The parties agree that, in addition to this agreement, the intergovernmental level pipeline design, construction, ownership and usage of all administrative, legal, financial and other important conditions specifies that the Consortium (the Consortium) will support the creation as soon as possible. In line with these efforts, the parties, and protecting foreign investments within the SOLOMON Government offices to investors under certain circumstances provides warranty and incentives regulation and ownership of the pipeline with the pipeline companies that owns and operates the route between the countries ' Governments, rights and obligations for the preparation of Host Country Agreements clarifying the effort. Article 3. Natural gas construction, ownership and operation of the pipeline, will belong to the Consortium. Turkmenistan, the Consortium for the creation of the negotiations to be a full consultation and with the Turkish side's consent to start with and. With the approval of the parties joint, gas pipeline or pipeline construction, ownership and operation of specific parts of the alternative models will, too. The parties, depending on the project's feasibility study, depending on the agreement of existing infrastructure or HGB any tevsiatın are agreed upon in order to provide the greatest usage. Article 4. Turkmenistan-sourced and will be sold to the Republic of Turkey through the HGB natural gas, to the point of sale (G is defined in) will be the property of the Turkmen Side. Turkey Republic territory to transit to be sold to other countries allocated the other and natural gas will be the property of the Turkmen side. All of the capacity, SOLOMON Thompson prompted By will be used for the transport of Turkmen gas. However, in determining the final capacity of the HGB, importer and exporter of natural gas in the region, other countries ' needs, the Parties shall be advisory and will keep taking into account the time of Turkmenistan. Natural gas suppliers, without prejudice to the interests of the parties, due to moving. Article 5. The parties; natural gas on its territory freely moving and don't let the transit, transportation and transit related activities whatsoever consequential or direct tax, royalite, wages, fees, duties, etc. concur that not proceeding with the payments. However, the following will apply:-the actual cost of the pipeline on the basis of fair and reasonable use of the pipeline tariffs; -Just, reasonable and auditable migration as costs; -Check and Required permissions are compatible with national legislation of the parties to be fair and reasonable fees; -To the extent the income tax to which it applies. Article 6. Would extend to Turkey from Turkmenistan that it encloses HGB and currently Turkmenistan is being feasibility study results by the Turkish Side. Article 7. The Turkish side agreed on the amount provided in the GASA and detaylandırılmak, however, referred to in article 1 of the 16 billion/m3 to reach as quickly as possible, provided that it undertakes to purchase natural gas By Turkmenistan. The Turkish side, G natural gas, depending on the completion by the Republic of Turkey will organize the purchase and warranty by the Turkmen. The Turkmen side; HGB the Republic of Turkey and third countries through agreed-upon amounts represent and warrant that to deliver the gas. The Turkish side, Thompson made By other countries with the aim of selling gas supply is committed to provide transit. When it's time to reach an agreement on the transit capacities will be encountered. This transit rights, unless the parties agree otherwise with kararlaştırmadıkları, will automatically space the first will cover the period of 30 (thirty) years. Article 8. Gas purchase and sale agreement (G) will provide natural gas to the Turkish side of the sale by the Turkmen. G the provisions include the following. -Dates, quantities, delivery point, the ownership of the gas price formula, price revision mechanism, taxation provisions, gas quality, terms of payment, default in delivery "take or pay" and have been accepted by the international commercial agreements and other conditions; -Natural gas Sales Agreements in relation to the other administrative-legal, financial-economic principles, norms and mutual obligations; Natural gas will be determined on the basis of Us dollar pricing and payments will be made with all American Dollars. Compatible with national and international natural gas price price, there will be a fair and reasonable basis. Article 9. The parties, within the means of the project's greatest return to Turkmenistan and Turkey will provide the most cost effective natural gas to supply in order to perform in such a way that all the support. Article 10. The parties agree, natural gas transit country based on mutual terms containing the passage from OGE to reach agreements with the Governments of these countries will be in consultation. Article 11. signed in Ankara on 5 October 1998 within the framework of the Protocol unless otherwise has been agreed upon a joint working group was created, at least once a month to be collected on a regular basis. The signing of this agreement for the first meeting of the Joint Working Group 1 (one) months later, will be held in Ashgabat. Article 12. The parties to this agreement in order to fulfil the responsibilities arising from the other organizations or their institutions, companies can appoint and may authorize. However, Parties to fulfill their obligations under the Agreement. Article 13. This agreement on October 29, 1998, Turkmen, Turkish, Russian and English, and each of them shall be negotiated with the Parties for each language in two original copies are signed. If there is any contradiction between the texts the English text shall prevail. Article 14. The parties to this agreement after the fulfillment of the relevant national procedures, the Convention shall enter into force. On behalf of the Republic of Turkey, on behalf of the President of Turkmenistan Saparmurat NIYAZOV President Suleyman DEMİREL, Prime Minister Mesut Yilmaz Nagasaki