Azerbaijan, Turkmenistan and Iran continue gas exchanges
January 5, 2022 11:12 am (UTC + 04:00 am)
By Ayya Lmahamad
Iranian Oil Minister Javad Ovji said that currently 4-4.5 million cubic meters of gas per day is imported from Turkmenistan to Iran under the gas exchange agreement. supply signed by Azerbaijan, Iran and Turkmenistan, Day.az reported.
The Minister noted that gas imports ensure the stability of the gas market in the country.
As a reminder, after a meeting with the Turkmen delegation led by Foreign Minister Rashid Meredov in October 2021, Iranian Oil Minister Javad Ovji announced Tehran’s intention to pay Turkmenistan’s gas debt. It should be noted here that due to Iran’s debt, Turkmengaz has stopped gas deliveries to Iran since January 2017.
After the talks, during the visit of Azerbaijani Deputy Prime Minister Shahin Mustafayev to Iran, an agreement was reached on the exchange of gas supplies to Azerbaijan via Iran from Turkmenistan.
On November 28, 2021, Azerbaijan, Iran and Turkmenistan signed a trilateral agreement on the exchange of gas supplies in Ashgabat. The signing ceremony took place in the presence of Azerbaijani President Ilham Aliyev and his Iranian counterpart Ebrahim Raisi.
The agreement provides for deliveries of 1.5 to 2 billion cubic meters of gas each year, with Turkmenistan supplying gas to Iran and Iran supplying an equal amount of gas to Azerbaijan. Thus, within the framework of the trilateral agreement, Turkmenistan will sell 5 to 6 million cubic meters of gas per day to Azerbaijan. These volumes are expected to increase in the future.
Turkmenistan is the fifth largest gas reserve in the world according to OPEC and the fourth according to BP. Iran is firmly in second place in both rankings. Azerbaijan ranks 21st and 13th respectively on these lists.
Ayya ââLmahamad is the reporter for AzerNews, follow her on Twitter: @AyyaLmahamad
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