Turkmenistan Settles Gas Swap Deal With Turkiye, Iran

Quick Summary:

According to Turkish officials, the gas flow is planned to start on March 1, with Turkmen gas reaching Turkiye via a swap deal involving Iran.

In July 2024, Bayraktar said that Turkmenistan could export as much as 2 bcm annually to Turkiye using existing infrastructure via Azerbaijan and Iran.

The deal, which has been in the works for nearly a year, suffered an apparent setback in September 2024 when BOTAS signed an agreement with France’s TotalEnergies to import 1.6 billion cubic meters (bcm) per year of LNG from the United States, starting in 2027.

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Article Details

Author / Journalist: Catherine Putz

Category: Economy

Markets: United StatesAustraliaAzerbaijanBangladeshCambodiaChinaFranceIndiaIndonesiaKyrgyzstanMalaysiaMongoliaPanamaSingaporeTajikistanTurkeyTurkmenistan

Topics: Deal Energy Pipelines Agreement Berdymuhamedov Been Turkmenistan President Iran Turkmen Turkiye

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-12 @ 04:29:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 1541 words

Reading Time: 9 minutes read

Sentences: 65 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 26093616

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