Iran Initiates Turkmen Gas Transit to Turkey Under New Agreement

Iran has commenced the transit of Turkmen gas to Turkey under a swap agreement, enhancing national gas supply and reinforcing Iran’s role as a regional energy hub. Details of the agreement are still to be finalized, with prospects for increased regional cooperation.

Iran’s oil minister, Mohsen Paknejad, announced that the country has begun transiting gas from Turkmenistan to Turkey as part of a swap agreement. This initiative is expected to enhance the supply of gas to Iranian customers in the northeast, where pressure typically decreases due to distance from production centers in the south. Furthermore, Paknejad emphasized that this arrangement strengthens Iran’s standing as a regional energy hub.

Paknejad noted that while the gas swap agreement has commenced, the specifics are still being finalized. “One can say that this agreement has become operationalized, but we should wait until other aspects of the agreement can be publicized in the media in the future,” he stated. Clarity on the deal’s details is anticipated in the future, as the agreement continues to develop.

A prior report by Turkmenistan’s official newspaper indicated that Turkmengas had entered into a contract with Turkey’s BOTAS to start gas exports beginning March 1. Turkmenistan’s officials communicated their endorsement of this deal, highlighting its significance for regional energy collaboration, including high-level discussions between the countries involved.

Because the size and pricing of the gas supplies remain undisclosed, experts suggest that the agreement will provide Turkey with the ability to re-export a portion of gas imported from Azerbaijan to Europe. Iran has pursued multiple gas swap agreements with Turkmenistan, facilitating gas supply to countries like Azerbaijan and Iraq as it seeks to bolster its energy diplomacy and infrastructure.

In summary, Iran has begun the transit of Turkmen gas to Turkey as part of a mutually beneficial swap agreement. The initiative promises to enhance gas supply to Iranian consumers in the northeast, augmenting Iran’s status as an energy hub. While details remain to be finalized, initial cooperation suggests significant prospects for future regional energy collaboration involving Iran, Turkmenistan, and Turkey.

Original Source: www.presstv.ir