We use cookies
To help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

Azerbaijan, Turkmenistan, Iran agree to double natural gas swap

DOWNSTREAM CENTRAL ASIA AND CASPIAN

Azerbaijan, Turkmenistan, Iran agree to double natural gas swap

Iranian Oil Minister Javad Owji has said that Iran, Azerbaijan and Turkmenistan have reached agreements to double the amount of natural gas swap under the deal reached in November, Azernews reports. - Azernews

Owji said that Iran, Turkmenistan, and Azerbaijan had almost finalized agreements for doubling the volume of gas mentioned in the swap deal.

Fortunately, everything is ready for the increase in the volume of the gas swap agreement and it will be doubled very soon.

Owji told reporters in Baku

He noted that the issue of natural gas swap volume increase had been discussed in Tehran, Baku, and Ashgabat in recent months.

To recall, after a meeting with the Turkmen delegation led by Foreign Minister Rashid Meredov in October 2021, Iranian Oil Minister Javad Owji announced Tehran's intention to pay the gas debt to Turkmenistan. Turkmengaz has stopped gas deliveries to Iran since January 2017 due to Iran's debt.

After the talks, during Azerbaijani Deputy Prime Minister Shahin Mustafayev's visit to Iran, an agreement was reached on the swap of gas supplies to Azerbaijan via Iran from Turkmenistan.

On November 28, 2021, Azerbaijan, Iran, and Turkmenistan signed a trilateral agreement on a gas swap in Ashgabat. The signing ceremony took place in the presence of Azerbaijani President Ilham Aliyev and his Iranian counterpart Ebrahim Raisi.

The agreement envisages deliveries of 1.5 to 2 billion cubic meters of gas each year, with Turkmenistan supplying gas to Iran and Iran delivering an equal quantity of gas to Azerbaijan.

Relevant news

DOWNSTREAM CENTRAL ASIA AND CASPIAN
Turkmennebit State Concern announces international tender for replacement of cold intermediate heat exchangers
Turkmennebit State Concern announces open international tender for replacement and dismantling and installation works of cold intermediate heat exchangers.
HYDROGEN IN CENTRAL ASIA AND CASPIAN
COP29 should make bold decisions on emission reduction commitments
Multilateral development banks and the private sector need to collectively raise $2.4 trillion annually for climate funding.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
UAE and Kazakhstan business buys $9.62M polypropylene in Turkmenistan
Representatives of the United Arab Emirates and Kazakhstan concluded deals for the acquisition of polypropylene in Turkmenistan.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
KazTransOil boost oil transit from Aktau port to Baku
Kazakhstan increased the volume of oil for Azerbaijan by 1 ton
DOWNSTREAM CENTRAL ASIA AND CASPIAN
SOCAR and Uzbekneftegaz agreed to participate in oil and gas projects in Azerbaijan and Uzbekistan
SOCAR and Uzbekneftegaz signed agreements on cooperation in the oil and gas sector.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
A meeting of the Joint Working Group of the Ministries of Energy of Uzbekistan and Azerbaijan was held
The energy ministries of Uzbekistan and Azerbaijan signed a memorandum of understanding on a renewable energy roadmap.