Turkmenistan voices readiness to expand swap gas supplies via Iran

Turkmenistan is ready to significantly increase the volume of swap gas supplies through Iran, the Foreign Affairs Minister of Turkmenistan Rashid Meredov said during the Turkmen-Iranian business forum in Ashgabat, Report informs via TASS.

“Currently, joint work in the gas industry is carried out under a swap scheme that allows the supply of Turkmen natural gas to third countries. We are ready to significantly expand this partnership,” Meredov said.

According to him, the oil and gas sector is one of the main sectors of the Turkmen economy, its material and technical base is being consistently modernized, and modern technology is being introduced.

“We propose to develop cooperation in this area with the Iranian side, especially with high-tech structures and large industrial companies,” the minister noted.

Swap supplies amounted to 7-7.5 million cubic meters of gas per day. In November 2023, a delegation from Iraq led by Minister of Electricity Ziyad Ali Fadhel signed a protocol on gas supply in Ashgabat with the management of the Turkmengaz state concern. According to it, within five years, 9 billion cubic meters of Turkmen natural gas will be transported annually through Iran to Iraq under a swap scheme.