Iran held talks with Turkmenistan to import gas from the neighboring country, the Tasnim news agency reported on Saturday, citing Hossein Ali Mohammad Hosseini, the Director of corporate planning at the National Iranian Gas Company (NIGC).
“Gas swap from Turkmenistan has doubled,” Hossein-Ali Mohammad-Hosseini said at a panel discussion on investment opportunities at the venue of NIGC.
In 2021, Iran, Turkmenistan, and Azerbaijan signed a gas swap deal that allows for up to 2 billion cubic meters of gas to be exchanged each year.
Iran recorded a 358 percent increase in the volume of gas swap supplies from Turkmenistan to Azerbaijan in the Iranian calendar year of 1401 (March 21, 2022 March 20, 2023) compared to the previous year.