The official Iranian media reported on Thursday that, following extensive discussions, an agreement regulating the exchange of gas between Iran and Turkmenistan was signed.
On Wednesday, Iran and Turkmenistan signed a contract to exchange gas for Iraqi use.
The Iranian Diplomat to Turkmenistan, Ali Mojtaba Roozbahani, and the Director of the public gas organization of Turkmenistan (Turkmengaz), Maksat Babayev, went to a service held to sign the agreement.
A joint assertion gave by the two sides referenced that Turkmenistan and Iran have been working for a really long time to foster collaboration in the gas area in light of shared interests.
The assertion outlined that the valuable experience of participation in gas trades from Turkmenistan to Iran and afterward to a third nation gave a strong stage to expanding the extent of reciprocal collaboration around here.
Based on the swap mechanism, the agreement stipulates that 10 billion cubic meters of Turkmen gas will be delivered annually to Iraq through Iran.
The Iraqi Priest of Power, Ziyad Ali Fadel, marked a notice of seeing last October with the Turkmen Pastor of State for Gas Undertakings to supply Turkmen gas to Iraq.
More than a third of Iraq’s energy needs are met by importing electricity and gas from Iran. This is critical, especially in the summer, when temperatures exceed 50 degrees Celsius (122 degrees Fahrenheit) and energy consumption is at its highest.
