Iran has recorded an increase in the volume of swap gas supplies from Turkmenistan to Azerbaijan in the previous Iranian calendar year 1401 (ending March 20, 2023), which shows a 358 percent increase compared to the same period of 1400, Majid Chegeni, Deputy Minister of Petroleum & CEO of the National Iranian Gas Company said in an interview with Fars News Agency.
According to the report, last year's gas swap supplies increased by 530% when compared to the same period in 2021.
The amount of Turkmen natural gas swap supplies is predicted to expand by more than 70% compared to 2022.
Azerbaijan currently imports Turkmen natural gas under a trilateral gas swap agreement between Turkmenistan, Iran and Azerbaijan.