Iran ready for 10-fold increase in gas swap from Turkmenistan: Minister

Iran ready for 10-fold increase in gas swap from Turkmenistan: Minister

Iran’s Oil Minister Javad Owji says natural gas swap from Turkmenistan can increase by up to 10 times in volume terms if Ashgabat agrees to further transfer deals with Tehran.

According to Press TV, Owji said after a Saturday meeting with Turkmenistan’s visiting Vice President Rashit Meredov that Iran has the infrastructure required for transferring up to 40 million cubic meters (mcm) per day of the equivalent of gas received from Turkmenistan to customers in Iran’s neighborhood.

“Today we declared to the friendly and brotherly country (Turkmenistan) that we are ready for imports and swap of gas with neighboring countries to up to 40 mcm per day or 10-15 billion cubic meters per year,” said Owji.

The announcement came days after Iran started transferring the equivalent of around 4 mcm of natural gas received from Turkmenistan, located to the east of the Caspian Sea, to Azerbaijan, on the western side of…

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