Iran, Turkmenistan, Azerbaijan Finalize Natural Gas Swap Deal

Iran, Turkmenistan and Azerbaijan have concluded a natural gas swap agreement for up to 2 billion cubic meters per year, which will take effect on Dec. 22.
According to Oil Minister Javad Owji, the contract was signed on the sidelines of the Economic Cooperation Organization summit meeting in Dushanbe, Tajikistan, on Sunday, the Oil Ministry’s news portal Shana reported.
“Under the swap deal, the National Iranian Oil Company will receive gas from Turkmenistan and deliver an equivalent amount to Azerbaijan at the Astara border,” he said.