Iran lodges gas price claim against Turkmenistan

Iran lodges gas price claim against Turkmenistan
ID : N-1168 Date : 2018/01/29 - 19:56

(Persia Digest) –Iran’s Petroleum Minister, BijanZangeneh, has commented on the dispute over gas prices by Iran and Turkmenistan, and said: “Tehran and Ashgabat are simultaneously pursuing their claims over gas prices.”

He told IRNA News Agency: “They claim that Iran owes them USD 1.5BN for gas imports. But we dispute this figure.”

He added: “Our other dispute is about the quality of imported gas from Turkmenistan.”

Deputy Petroleum Minister, HamidrezaAraghi, has spoken about Iran’s conditions for resuming gas imports from this country, and said: “If Turkmenistan reduces its gas prices, we will resume our imports. If Ashgabat refuses to consider our requests, we will take our case to the International Court of Arbitration for cutting off gas exports to Iran.”

As reported by Persia Digest, a dispute sparked between Iran and Turkmenistan towards the end of 2016, leading to a complete cut-off of gas to Iran when Turkmenistan claimed that Iran was in arrears in its payments. Given a lack of agreement between the two, the case will likely be taken to the International Court of Arbitration.

Over the past years, Turkmenistan has repeatedly cut off its gas exports to Iran in order to put pressure on the country and raise its gas prices. But, in early January 2017, predictions made by Ashgabat backfired when Iran no longer suffered from a lack of gas imports from Turkmenistan to send it begging to its neighbor to restore its exports.

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