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
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- ONEOK, MPLX to Build $1.4 Billion LPG Export Terminal, Pipeline in Texas
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- TC Energy Beats Q4 Profit Estimates, Driven by Mexico Pipelines' Success
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
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