Baku and Ashgabat are negotiating to continue swap gas supplies

Baku and Ashgabat are negotiating to continue swap gas supplies

By:
Interfax

Azerbaijani Economy Minister Mikail Jabbarov and Iranian Oil Minister Javad Owji signed a memorandum of understanding on Friday, June 10, 2022 in Baku, according to which gas supplies from Turkmenistan to Azerbaijan through Iran will double, reported then the Iranian state news agency IRNA.

Photo: Ministry of Economy of Azerbaijan

Azerbaijan and Turkmenistan are negotiating to continue swap gas supplies, the National Iranian Gas Company (NIGC) reported.

According to NIGC, gas supplies from Turkmenistan to Azerbaijan via Iran have been temporarily suspended.

“Baku and Ashgabat are negotiating on this issue,” Iranian media write, referring to NIGC, noting that swap supplies will be resumed after an agreement is reached between the two countries.

As previously reported, Iran began transporting gas received from Turkmenistan to Azerbaijan in January 2022, in accordance with a trilateral swap agreement signed on November 28, 2021 in Ashgabat. The agreement provided for supplies to Azerbaijan through Iran of up to 1.5-2 billion cubic meters of Turkmen gas per year.

At the beginning of June 2022, the Minister of Economy of Azerbaijan Mikayil Jabbarov and the Minister of Oil of Iran Javad Owji signed a memorandum of understanding in Baku, according to which gas supplies from Turkmenistan to Azerbaijan through Iran were to double.

Source: https://www.interfax.ru/business/939197