Iran ready to increase swap of Turkmen gas to Azerbaijan – President Raisi

Oil&Gas Materials 29 June 2022 23:04
Iran ready to increase swap of Turkmen gas to Azerbaijan – President Raisi

BAKU, Azerbaijan, June 29. Iran is ready to increase the volume of Turkmen gas swapping to Azerbaijan through its territory, Iranian President Ebrahim Raisi said, Trend reports citing the Iranian President's Office's official website.

He made the remark at a meeting with President of Turkmenistan Serdar Berdimuhamedov in Ashgabat, Turkmenistan on June 29.

Raisi noted that the development of relations and cooperation with neighboring countries is a priority for the Iranian government.

“The implementation of the recently signed cooperation documents and agreements between Iran and Turkmenistan will contribute to further increase the level of cooperation between the two countries,” Raisi added.

Iranian president expressed hope that the 6th summit of the presidents of Caspian littoral states will create conditions for agreements on more favorable use of the potential of the Caspian Sea.

During the meeting, Berdimuhamedov stressed the importance of full implementation of the agreements and documents signed between the two countries.

“In addition to taking advantage of the Caspian Sea, a collective effort must be made to protect the sea,” Berdimuhamedov also pointed out.

On November 28, 2021, a tripartite contract on the swapping of 1.5-2 billion cubic meters of Turkmen gas to Azerbaijan through Iran per year was signed between Iran and Azerbaijan in Ashgabat, Turkmenistan, on the sidelines of the 15th Summit of the Economic Cooperation Organization (ECO). The implementation of the contract began on January 1, 2022.

On June 3, 2022, Javad Owji and Azerbaijan’s Economy Minister Mikayil Jabbarov signed a memorandum on cooperation in the field of natural gas.

The Iranian side said that as a result of the memorandum, the volume of Turkmen gas swapped to Azerbaijan via Iran has doubled.