Iran to transit Turkmen gas to Turkey

Sep 12, 2009 02:00 AM

A senior Iranian official says Tehran and Ankara have reached an agreement to transit Turkmen gas to Turkey via Iran. The Director of Investments at the National Iranian Oil Company (NIOC, told that, under the new accord, Iran will ship 35 bn cm (1.24 tcf) of gas from Turkmenistan in the northeast to its western neighbour every year.
"Under the current situation Iran is one of the most economical ways for transporting Turkmenistan's gas," Ghanimifard said.

The comments came as Iran and Turkmenistan set to inaugurate their joint Douletabat-Sarakhs-Khangiran gas pipeline in late December.
Turkmen President Gurbanguly Berdymukhamedov has invited his Iranian counterpart Mahmoud Ahmadinejad to attend the inaugural ceremony.

Landlocked Turkmenistan will launch the new pipeline to Iran to diversify its gas exports.
Turkmenistan is a major gas producer in Central Asia, producing over 75 bn cm (2.65 tcf) of gas per year.

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