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NIGC-BOTAS Gas Deal Probable

NIGC-BOTAS Gas Deal ProbableNIGC-BOTAS Gas Deal Probable

Despite substitute routes, it is likely that Turkey will renew its gas import contract with Iran as it is economically viable, a spokesman of the Iranian Oil, Gas and Petrochemical Products Exporters' Union said.
“In addition to extending infrastructure, gas export prices have been modified and Turkish officials have expressed satisfaction,” Hamid Hosseini was quoted as saying by ILNA.
As per a 25-year deal, the National Iranian Gas Company (NIGC) started selling gas to Turkey in 2001 and is the second largest gas supplier to the neighbor after Russia. The contract expires in 2025, and Ankara is in negotiations with exporters (including Iran) following the discovery of a gas field in the Black Sea.
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