Iran resumes gas swap with Turkmenistan

Iran resumes gas swap with Turkmenistan
ID : N-1574 Date : 2018/04/09 - 15:49

(Persia Digest) – The gas swap deal with Turkmenistan through Iran resumed on 28 April 2018 following negotiations between the two countries' leaders.

As reported by Persia Digest, the swap through Iran came to a halt in January due to the low quality of gas exported by Turkmenistan. Following negotiations, the order was issued on 27 April to resume this on 28 April.

The Petroleum Ministry of Iran has announced its readiness to Turkmenistan for a long-term cooperation in the energy sector and joint exports to India, Pakistan, and the Persian Gulf states.

A positive resolution process over the problems faced by the swap has also begun between Iran and Turkmenistan, approved by the two countries’ leaders.

Deputy Minister of International Affairs and Commerce at Iran’s Petroleum Ministry, Zamaninia, announced that Turkmenistan has proposed the development of three oil fields in the Caspian Sea, and added: “This is a positive proposal by Turkmenistan which is being scrutinized.”

As reported by Persia Digest, gas from Turkmenistan is swapped with the Republic of Azerbaijan through Iran. Gas from Turkmenistan is delivered at the Iranian border and the consideration is delivered at the Azerbaijan border.”

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