Tehran-Ashgabat Gas Swap Deal Operational

The natural gas swap deal between Iran and Turkmenistan has become operational.
Iran’s Oil Ministry has announced that the gas swap agreement for up to 2 billion cubic meters per year took effect on Jan. 2.
The contract was finalized on the sidelines of the Economic Cooperation Organization summit meeting in Dushanbe, Tajikistan, on Nov. 28, 2021.
“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,” Iran’s Oil Minister Javad Owji said.