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Iran eyes European gas market, Turkmenistan is still on the country´s gas agenda

The Head of the National Iranian Gas Company Hassan Montazer Torbati noted that Turkey is a good route for gas trade with Europe in the future

Iran eyes European gas market, Turkmenistan is still on the country´s gas agenda

Teheran, February 25 - Neftegaz.RU. The CEO of the National Iranian Gas Company (NIGC) Hassan Torbati said in an interview with the local Shana, that Iran seeks gas exports to Europe, adding:
  • The future atmosphere of the countries, the type of cooperation and the events that take place in the diplomatic relations affect the issue of gas trade
Iran's gas exports to neighboring countries has gone through a lot past year: from explosion of the Iranian gas export pipeline to Turkey and its 3-month suspension, the issues related to the extension of the gas contract to the announcement of the verdict of the dispute between the NIGC and Turkmengas and the reduction of gas exports to Iraq.

The CEO of the NIGC has underscored the latest developments in Iran's gas exports and stressed that Iran is following the prospect of gas exports to Europe by carefully examining market developments.

H.Torbati said that the the gas contract with Turkey will last for a few more years.
Turkish gas trade environment has changed from the previous contract, meaning that their private sector is entering the gas distribution sector, which diminishes the role of their government, so Iran have to prepare its contract model for the future Turkish environment in accordance with the Turkish market.

NIGC CEO said:
  • We may supply some of our gas on a short-term or seasonal basis, while the Turkish market does most of its purchases as a single shipment and does not pursue all of them in the form of long-term contracts
  • We are also conducting studies to be ready for the future of Turkey and maintain or augment our share in the Turkish market whether through the government or through the private sector
Hassan Torbati also noted that Turkey is a good route for gas trade with Europe in the future.
He said that the issue of gas trade is affected by other political and international issues, and the future atmosphere of the countries, the type of cooperation and the events that take place in the diplomatic relations affect gas trade.

Iran has also slightly increased the amount of gas shipments to Iraq, because hopes have been created for having Iran's claims settled .
Now about 15 to 20 million m3 of gas is being exported to Iraq.

NIGC CEO stressed that gas trade with Turkmenistan is still on Iran's agenda:
  • Iran´s policy is to have trade relations with Turkmenistan, and this has always been the case
  • Iran's gas contract with Turkmenistan has been referred to an arbitration, which has reached conclusions and a ruling has been issued
  • Although we have eliminated our internal dependence on Turkmenistan, we strongly seek to establish a gas trade with them, because it is in the interest of both Iran and Turkmenistan

Source : Neftegaz.RU


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