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

Aramco’s Building in Riyadh Damaged by Houthi Attack

Aker Solutions Lands Major Role in Qatar’s Offshore Oil Field Revamp

Aramco Targets Hormuz Bypass with East-West Pipeline Expansion

Shell to Exit Australia's North West Shelf Project in $1.45B Deal with XRG

Masirah Oil Starts Yumna Offshore Drilling Ops After Months of Delays

Iran Set to Keep Hormuz Shut Until Seven Demands Are Met

SLB Secures Aramco Well Construction Work for 450 Wells

South Korea Aims to Cut Middle East Crude Dependence to 50% by 2035

Iran Restores Half of Damaged South Pars Gas Field Capacity

QatarEnergy's LNG Expansion Faces Delays from Hormuz Crisis

Current News

Oil Heads for Weekly Decline Despite Middle East Supply Threats

Inpex Raises Profit Forecast on Strong Ichthys LNG Production

Singapore Seeks LNG Floating Storage Operators to Expand Bunkering Ops

CNOOC Makes Ultra-Deep Gas Discovery in China's Bohai Sea

First Oil Flows from Vietsovpetro's Platform Offshore Vietnam

Iran Brings South Pars Gas Platform Fire Under Control

Oil Prices Slide as Trump Signals Pause in Iran Strikes

Murphy Oil Secures Six Offshore Israel Licenses Near Leviathan Gas Field

VAALCO Advances Côte d'Ivoire Offshore Exploration Ahead of 2028 Drilling

Aramco’s Building in Riyadh Damaged by Houthi Attack

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