Details of Iran-Russia contract to purchase and swap gas

TEHRAN, Sep. 18 (MNA) – According to a report by the Iranian Ministry of Oil, the swap contract and the purchase of Russian gas in the amount of 6 and 9 million cubic meters per day is going to be done soon through Azerbaijan.

The public relations department of the Ministry of Petroleum (Oil) in a report entitled "One-year performance report of the Ministry of Petroleum in the 13th government" addressed the issue of the $40 billion memorandum of understanding between the National Iranian Oil Company and Russia's Gazprom Company.

According to the report, with the follow-up of the Ministry, it has been agreed that soon an equivalent of 6 million cubic meters of gas per day will be swapped from Russia to be exported from the south of Iran in the form of LNG.

Also, Iran is going to buy 9 million cubic meters of Russian gas through Azerbaijan.

The construction of Iran's gas export pipeline to Pakistan and Oman and the completion of Iran's LNG projects are also among other agreements made with Russia's Gazprom.

MNA/FNA14010628000685

News Code 191617

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