Copy in clipboard...
Turkmenistan to sell gas to Iraq via swaps with Iran
Iran, which lies between Turkmenistan and Iraq, has its own substantial gas reserves, and under the swap deal Tehran will supply gas to Baghdad in exchange for receiving the same volumes from Ashgabat, as reported by Reuters.
Iranian companies will build a new gas pipeline with a length of 125 kilometers and three gas compressor stations on the territory of Turkmenistan to boost annual gas imports in that direction to 40 bcm.
This will be achieved by expanding capacity in the Dauletabad-Sarakhs-Khangiran directions and through Chaloyuk Gas Metering Station. Iran and Turkmenistan are two major global gas suppliers. Cooperation between the two countries stalled for a period in the last decade over disputes on settlement of Iran’s energy arrears to Turkmenistan.
Iran can take advantage of the situation where it can buy gas from the extensive regional hydrocarbon reserves and sell it to potential clients and thus establish itself as a strong gas hub of the region.
By importing gas from Russia, Turkmenistan and Qatar, Iran can receive some 100 billion cubic meters a year of gas and sell it to such countries as Iraq, Turkey, Syria and Lebanon.