The agreement on TANAP project, signed by Azerbaijan and Turkey, is a prime example of the liberalization of the Turkish energy market, the Ministry of Energy and Natural Resources of Turkey told Trend on Friday.
"Turkey regularly prepares draft laws aimed at liberalization of the energy sector in the country, holds tenders for privatization of various sectors," the official source said.
The source said the new laws are aimed at liberalization of various sectors of the energy market in the country.
The source added that entrepreneurs from different countries, including Azerbaijan, Russia, Arab countries are involved in the tenders for the privatization of the energy sector.
Azerbaijan and Turkey signed an intergovernmental agreement on June 26 on the project pipeline Trans-Anatolian pipeline (TANAP).
In December last year, Azerbaijan and Turkey signed a memorandum of understanding to establish a consortium that will build a gas pipeline to supply gas from the Shah Deniz field to Europe through the Turkish territory. At present, BOTAS has a 20 percent stake in TANAP, and the State Oil Company of Azerbaijan (SOCAR) - 80-percent share.
The initial capacity of the pipeline is expected to reach 16 billion cubic meters per year. About six billion cubic meters of the volume will be allocated to Turkey, while the rest will be transported to Europe.