Turkmenistan-Iran-Azerbaijan gas swaps to surge: NIGC
The volume of gas being transited between Turkmenistan, Iran, and Azerbaijan under a groundbreaking three-way swap agreement signed in late 2021 is expected to grow by 70 percent this year, according to Majid Chegeni, the head of the National Iranian Gas Company (NIGC).
According to the agreement, between 1.5 and 2 billion cubic meters of gas will be swapped annually, a volume which numerous subsequent reports said could quickly be increased, eurasianet.org wrote.
In mid-2022, Iranian Oil Minister Javad Owji announced the three partners had reached an agreement to double the volume of gas swaps.
Iran has been pushing ahead with its own plans to expand its gas transit infrastructure, with the apparent aim of boosting its capacity to transit gas between its neighbors.