Bayraktar hopes to soon reach agreement with Iran on transit of Turkmen gas to Türkiye

Türkiye expects to soon reach an agreement with Iran on swap supplies of Turkmen gas, Turkish Minister of Energy and Natural Resources Alparslan Bayraktar said in an interview with Bloomberg, Report informs.

Türkiye is exploring gas imports from Turkmenistan, currently through a gas swap via neighboring Iran, Bayraktar said, adding that he hopes to reach an agreement during a visit there later this month.

Bayraktar said he hopes to announce the final contract as well as others with undisclosed additional companies in the coming days.

On June 4, 2024, the State Oil Company of Azerbaijan (SOCAR) and the Turkish state gas company Botas signed a cooperation agreement on the supply of Turkmen gas through Azerbaijan and third countries to Türkiye.

In March 2024, Turkmenistan and Türkiye signed a Memorandum of Mutual Cooperation on the development of partnership in the field of natural gas.