Talks Underway on Importing Gas from Turkmenistan: Iranian Official
TEHRAN (Tasnim) – Iran has held talks with Turkmenistan to import gas from the neighboring country, the director of integrated planning at the National Iranian Gas Company (NIGC) said on Friday.
“Gas swap from Turkmenistan has doubled,” Hossein-Ali Mohammad-Hosseini said at a panel discussion on investment opportunities held at the venue of NIGC, SHANA reported.
Iran, Turkmenistan and the Republic of Azerbaijan inked a gas swap deal for up to 2 billion cubic meters per year in 2021.
Iran was the third-largest gas producer in the world after the United States and Russia in the last Iranian calendar year of 1401 (ended March, 20, 2023), Mohammad-Hosseini stated, adding that Iran produced 291 billion cubic meters of gas and injected 271 billion cubic meters of sweet gas to its national gas network.
Iran’s gas industry needs about $40 billion in investment by the end of the Seventh Five-Year Socioeconomic and Cultural Development Plan, he said, noting that $20 billion are expected to be invested in the field by the private sector.