Turkmenistan Signs Deal to Supply Gas to Iraq Through Iran Swap Agreement
7/3/2024
(Reuters) — Turkmenistan has signed a swap deal with Iran under which Ashgabat will sell 10 billion cubic meters (Bcm) of natural gas a year to Iraq, the Turkmen government said on Wednesday.
Iran, which lies between Turkmenistan and Iraq, has its own substantial gas reserves, and under the swap deal Tehran will supply gas to Baghdad in exchange for receiving the same volumes from Ashgabat.
The Turkmen government provided no detail on pricing, timing or logistics, but said it planned to build a new gas pipeline to Iran and is working to boost annual shipments in that direction to 40 Bcm.
Gas-rich Turkmenistan mostly exports energy to China but is trying to diversify exports by adding sales to Europe, Pakistan and India.
Related News
Related News
Sign up to Receive Our Newsletter
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- New Alternatives for Noise Reduction in Gas Pipelines
- EIG’s MidOcean Energy Acquires 20% Stake in Peru LNG, Including 254-Mile Pipeline
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
Comments