Iran plans to increase its gas purchases from Turkmenistan

Iran will soon increase its gas imports from Turkmenistan as the two energy-rich countries work to mend their formerly strained relations.

Iran (IMNA) - Senior National Iranian Gas Company official Reza Noshadi announced on Wednesday that Iran's daily gas imports from Turkmenistan will soon double to 20 million cubic meters (mcm).

According to Noshadi, Iran presently buys 10 million cubic meters of gas per day from Turkmenistan as part of a swap agreement that also includes Azerbaijan.

He stated that under a new arrangement, Iran would soon begin importing additional 10 million cubic meters of natural gas per day from Turkmenistan without taking any swap commitments and purely for internal use in the country's north and northeastern areas.

Therefore, 20 mcm of gas offers a sufficient amount of gas for commerce between the two nations. "We anticipate that this cooperation will continue and that contracts and memorandums of understanding for petroleum cooperation between Iran and Turkmenistan will increase," said Noshadi.

Two important gas suppliers to the world are Iran and Turkmenistan. The disagreements over the payment of Iran's energy debt to Turkmenistan caused cooperation between the two countries to stop for a while during the previous decade.

Iran has fully paid Turkmenistan's $1.6 billion gas debt, according to Iranian Oil Minister Javad Owji, allowing the two niobous to resume their gas trading projects.

While top Turkmen politician Gurbanguly Berdimuhamedow was in Tehran for negotiations with senior Iranian officials, it was announced that Iranian gas shipments from Turkmenistan will double.

In a meeting with Berdimuhamedow on Wednesday, the Supreme Leader of the Islamic Revolution Ayatollah Syyed Ali Khamenei referred to Iran and Turkmenistan as "like a family" and expressed support for more energy cooperation with Iran's northeastern neighbor.

News ID 664786


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