Turkmenistan and Iran have signed a contract for the purchase and sale of natural gas in the amount of up to 10 billion cubic meters of gas per year, which will be supplied from Turkmenistan to Iraq through Iran under a swap scheme.

The agreement was signed following negotiations between Turkmenistan and Iran this week in Ashgabat, during which a wide range of issues related to the further development of cooperation between Turkmenistan and the Islamic Republic of Iran in the gas industry were discussed.

Currently, the Turkmen and Iranian sides are actively working together to implement the agreements previously reached at the highest state level on the development of gas cooperation.  Thus, to expand the gas transportation infrastructure, Iranian companies will carry out work on the construction of a new gas pipeline with a length of 125 kilometers and three gas compressor stations on the territory of Turkmenistan, which are necessary to supply additional volumes of gas to Iran.

In addition to existing capacities, it is planned to increase the volume of gas supplied to Iran along the Dovletabad-Sarakhs-Hangeran routes and through the Chaloyuk gas measuring station to 40 billion cubic meters per year.

The positive experience of joint activities in the field of supplies of Turkmen gas to Iran and through its territory to third countries serves as a solid basis for increasing the potential of bilateral partnership in this area, Turkmenistan's Foreign Ministry notes.