TEHRAN, May 4 (MNA) – Iran and Turkmenistan gas cooperation is a win-win deal which can pave the way for other projects such as gas transit to Europe, National Iranian Gas Company (NIGC) Managing Director Azizollah Ramezani said here on Monday.

PIN quoted Ramezani as saying that the gas import from Turkmenistan is economically justified for Iran due to its closeness which saves surcharges for the establishment of long pipelines and gas pressure boost stations. 

 

“Turkmenistan will have the advantage of exporting its gas via Iran’s southern ports in the form of LNG,” he added.

 

Turkmenistan has been supplying gas to Iran since 1997, but exports have never hit the Korpeje-Kurt Kui pipeline’s full capacity of 8 billion cubic meters (bcm) per year. Turkmenistan is required by contract to send an additional 10 bcm to Iran in 2009.

 

Ties between the two energy powers were strained in winter 2008 after Turkmenistan halted gas sales to Iran, but during an official visit by Turkmen leader Kurbanguly Berdymukhamedov to Tehran in February 2009, the two sides inked an agreement which would allow Iran to develop the Yolatan gas field in Turkmenistan and import 350 billion cubic feet of the extracted gas annually.

 

Iran sits atop the world’s second-largest natural gas reserves after Russia, and has long sought to promote itself as a transit route for oil and gas from central Asian states.

 

Turkmenistan, Central Asia’s biggest gas producer, is seen as one of the key suppliers for the planned Nabucco pipeline from Turkey to Austria, designed to ease Europe’s dependence on Russia for gas supplies.

 

MF/MRK

END

MNA

 

 

 

News Code 33569

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