Iran, Turkmenistan, Azerbaijan in Gas Swap Deal

Reuters
Monday, November 29, 2021

 Iran, Turkmenistan, and Azerbaijan have signed a gas swap deal for up to 2 billion cubic meters (bcm) per year, Iranian state news agency IRNA reported on Sunday.

Under the swap deal, Iran will receive gas from Turkmenistan and deliver an equivalent amount to Azerbaijan at the Astara border, Iranian Oil Minister Javad Owji told state TV.

"Turkmenistan will sell 5-6 million cubic meters of gas per day to Azerbaijan under the trilateral agreement signed ...in Turkmenistan," IRNA said.

Owji also said Iran was moving to resolve a lingering gas debt dispute with Central Asia's Turkmenistan, which said in late 2017 that it was owed $1.8 billion in payments for gas delivered to Tehran.

"We will soon pay the first installment to clear the gas debt that we owe to the Turkmen side, after talks that were held earlier," Owji said, without giving the amount of the debt.

Iran has major natural gas fields in the south, but has imported gas from Turkmenistan since 1997 for distribution in its northern provinces, especially during the winter.

 (Reporting by Reuters' Dubai Newsroom, Editing by Louise Heavens and Alexander Smith)

Categories: Energy Middle East Industry News Activity

Related Stories

Malaysia Offers Nine Exploration Blocks in 2026 Bid Round

Transocean-Valaris Tie-Up to Create $17B Offshore Drilling Major with 73 Rigs

Malaysia Oil and Gas Projects Advance with Petronas' PSC and Farm-Out Deals

Vantage Drilling’s Ultra-Deepwater Drillship Heads to India Under $260M Contract

Eni Enlists Shearwater for 3D Seismic Survey in Timor Sea

Inpex Moves to Accelerate Indonesia’s Abadi LNG Project

Turkish Petroleum, Chevron Discuss Joint Oil and Gas Exploration

ADNOC Takes FID on SARB Deep Gas Project Offshore Abu Dhabi

Saipem Nets Multibillion-Dollar Job at World's Largest Offshore Gas Field

Aramco Expands US Partnerships with $30B in New Deals

Current News

Malaysia Offers Nine Exploration Blocks in 2026 Bid Round

Seatrium Unit Launches Arbitration Against Petrobras over FPSO Contract

Transocean-Valaris Tie-Up to Create $17B Offshore Drilling Major with 73 Rigs

Malaysia Oil and Gas Projects Advance with Petronas' PSC and Farm-Out Deals

Vantage Drilling’s Ultra-Deepwater Drillship Heads to India Under $260M Contract

EnQuest Secures Extension for Vietnam's Offshore Block

Japan's Mitsui in Advanced Talks for Stake in Qatar’s North Field LNG Project

Japan’s JERA Agrees Long-Term LNG Supply from Middle East

QatarEnergy, Petronas Ink 20-Year LNG Supply Agreement

Eni Enlists Shearwater for 3D Seismic Survey in Timor Sea

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com