Iran's gas import & export prices

Iran's gas import & export prices

Dalga Khatinoglu, Trend Iran News Service department chief/

Armenia is keen to continue using Iranian gas. Turkey also wants to remain Iran's gas importer despite its appeal against Iran to the International Court of Arbitration over gas dispute in 2012.

Free Europe Radio/Radio Liberty quoted Minister of Energy and Natural Resources of Armenia, Armen Movsisyan on May 21 that Iran sells natural gas to Turkey and other nations (Armenia is the only importer of Iranian gas after Turkey) for $370 per thousand cubic meters.

According to official data, Armenia imported 500 million cubic meters of gas from Iran in 2012 and bartered with electricity, while Turkey's gas imports from Iran were around 8.4 bcm.

According to Iran's official statistics, Iran imported 4.5 bcm of gas from Turkmenistan during the last Iranian calendar year which ended on March 19, 2013, while the total gas export to Turkey during mentioned time was 8.4 bcm.

The head of Iran National Gas Company Javad Owji said on April 10 that Iran earned $3.5 billion from exporting 8.4 bcm of gas during last solar year, while imported gas value from Turkmenistan was €1.8 billion ($ 2.32 billion).

Then Iran paid $515 per 1000 cm of Turkmen gas during last solar year and the price of Iranian exported gas to Turkey was at $416 per 1000 cm during March 19, 2012 to March 19, 2013.

The prices of Iran's gas deals with Turkmenistan and Turkey are kept confidential, but according to Iranian media outlet's reports, Tehran and Ashgabat agreed on a gas price of $75 per 1000 cm in 2005; this figure doubled in 2008.

Some assesses published on Iranian media outlets in 2011 say that Turkmen gas price for Iran was about $270 to $300.

On the other hand Turkish media reports had said in 2011 that this country imports Iran's gas at $500 per 1000 cm citing on the souraces who were familiar to the issue.
Turkey appealed to the International Court of Arbitration over the Iranian gas price and shortage in delivered gas amount in March 2012.
Turkey demands 10 bcm gas per year from Iran based on signed contract, but Iran is unable due to lacking surplus gas.

However, new figures announced by Owji shows a huge rise in value of Iran's imported gas price and a plunge in Iran's exported gas price during last solar year compared to 2011.

Turkmenistan has halted exports of gas to Iran three times during last five years and the flow of gas has been restarted after negotiations each time.

Turkmenistan decreased gas exports to Iran in 2001 winter and reportedly stopped supplying gas to Iran completely last winter for several months.

Despite this fact that Iran holds World's second gas reserves (above 33 trillion cm), however, the country's gas production meets only domestic consumption.

Based on the latest report released by U.S. Energy Information Administration (EIA) both Iran's gross gas production and consumption stood at 224 billion cubic meters in 2012.

Subscribe to Trend in Google News! Subscribe
Gas swap agreement is mutually beneficial for Azerbaijan, Iran and Turkmenistan - experts
Gas swap agreement is mutually beneficial for Azerbaijan, Iran and Turkmenistan - experts
Turkmenistan's crude oil supplies to Turkey down
Turkmenistan's crude oil supplies to Turkey down
Turkmenistan-Azerbaijan-Iran gas swap deal: chance to strengthen energy co-op
Turkmenistan-Azerbaijan-Iran gas swap deal: chance to strengthen energy co-op
Loading Bars
President Ilham Aliyev calls First President of Kazakhstan Nursultan Nazarbayev
Volume of cargo loaded/unloaded in ports of Iran’s Abadan County soars
Georgia releases COVID-19 data for December 1
UK ambassador views de-mining work in Azerbaijan’s Tartar (PHOTO)
Kazakhstan's revenues from passenger transport via internal waters skyrocket
Azerbaijani oil prices decrease
Interest in dev’t strategy of inland transportation via 'One Belt One Road' growing - analyst
Covishield 63% effective against Covid, 81% against moderate-severe infection: Study
Bodies of Azerbaijani servicemen from fatal helicopter crash, handed over to their relatives (PHOTO/VIDEO)
Russian Embassy expresses condolences to Azerbaijan due to military helicopter crash of State Border Service (PHOTO)
Azerbaijani currency rates for December 1
Uzbekistan reveals its top polyethylene export destinations in 10M2021
Iranian currency rates for Dec. 1
US Ambassador to Azerbaijan expresses condolences for lives lost in crash of military helicopter
Azerbaijan reveals ongoing construction of Shukurbeyli-Jabrayil-Hadrut highway (PHOTO)
Azerbaijani FM to take part in meeting of OSCE FMs
Tesla dominates as EV sales take off in Israel
ADB funding bridge construction in Georgia
Uzbekistan shares domestic COVID-19 data for November 30
SOCAR Turkey intends to boost its activities - CEO
SOCAR Turkey's head talks Petkim goals
Oil rises 1% ahead of OPEC meeting under Omicron cloud
Baku Stock Exchange to hold auction for short-term notes of Central Bank
Azerbaijan provides water supply to liberated Lachin district
Azerbaijan’s export of non-oil products increases
Azerbaijan increases gas export since early 2021
Russian Gazprombank forecasts Azerbaijan's economic growth to recover
Price indexes of financial, trade sectors at Uzbek stock exchange rise
Turkey’s aviation fuel export to Georgia increases
Helicopter crash in Azerbaijan broke our hearts - Selcuk Bayraktar
Bahar Azadi gold coin price again falling in Iran
Government of Uzbekistan approves feasibility study for construction of elevated subway
Russia again surpasses Azerbaijan as top importer of Georgia's potatoes
Kazakhstan adds over 700 new COVID-19 cases in 24h
Russia, Azerbaijan progressively developing co-op in agriculture – Russian ministry
President Erdogan calls for foreign long-term investments in Turkey
Year passes since liberation of Azerbaijani Lachin district from Armenian occupation
Air travelers to U.S. set to face tougher COVID-19 testing
British armed forces to allow people with HIV to enlist
Brazil reports first cases of Omicron variant
U.S. FDA experts narrowly recommend Merck's COVID-19 new drug molnupiravir
WHO warns against blanket travel bans over Omicron coronavirus variant
Turkey confirms 25,216 daily COVID-19 cases
9 injured in refinery fire in north Algeria
UK to offer booster vaccines to all adults by end of January
At least three students dead in Michigan school shooting, suspect in custody
Canada to ban travelers from Nigeria, Malawi, Egypt over Omicron concerns
Uzbekistan reveals leading regions in amount of loans issued in 9M2021
Head of EU delegation expresses condolences to Azerbaijan over military helicopter crash
Italian Embassy expresses condolences to Azerbaijan over military helicopter crash
Georgian economy grows 6.9% in October 2021
Turkish President to pay visit to Qatar in December
Capacity of crashed military helicopter of Azerbaijan's State Security Service was 24 people
Manual counting of 29% of protocols show that 7 parties may enter Kyrgyz Parliament
AZAL plane makes emergency landing in Baku
Pakistan seeking to increase trade routes on border with Iran
UN Resident Coordinator expresses condolences over military helicopter crash in Azerbaijan
Any outside influence as cause of helicopter crash out of question - head of Azerbaijani State Border Service
Coordination Headquarters holds another meeting in Azerbaijan (PHOTO)
Azerbaijan's First Deputy Prosecutor General talks investigation, following helicopter crash
Former Turkish PM expresses condolences over helicopter crash in Azerbaijan
French ambassador expresses condolences over crash of military helicopter in Azerbaijan
UK's Ambassador expresses condolences over crash of military helicopter in Azerbaijan
Organization of Turkic States expresses condolences to Azerbaijan due to helicopter crash
Israeli ambassador expresses condolences to Azerbaijan over helicopter crash
Iranian Foreign Ministry expresses condolences to Azerbaijan over helicopter crash
Helicopter crashed while landing at Garaheybat training center – Azerbaijani State Border Service
Status of martyr to be assigned to those killed in plane crash in Azerbaijan (VIDEO)
Turkish President Erdogan holds phone talks with President Ilham Aliyev
President Ilham Aliyev, First Lady Mehriban Aliyeva give instructions on burial of those killed in helicopter crash
Witnesses of helicopter crash being questioned in Azerbaijan – First Deputy Prosecutor General
Turkish Minister of National Defense expresses condolences to Azerbaijani Defense Minister
Flight recorder of crashed military helicopter found in Azerbaijan
Pakistani companies may partake in restoration of Azerbaijan's liberated territories (PHOTO)
Iran looks to boost its energy trade through Economic Cooperation Organization
Iran's ties with Economic Cooperation Organization to boost country's cargo transit
Azerbaijan excludes any outside interference following deadly helicopter crash
IRENEX shares data on sales of Iranol Oil Company
Gas swap agreement is mutually beneficial for Azerbaijan, Iran and Turkmenistan - experts
ICIEC Signs MOU with Japan's Nippon Export and Investment Insurance (NEXI)
Israel's Bezeq Q3 profit up, raises full year outlook
Iran seeks to boost trade ties with Turkmenistan
Pakistan expects $3 billion reserves deposit from Saudi in days
Iran eyes to commission 12 new metro stations in Tehran
Oxford University says no evidence yet that vaccines won't protect against severe disease from Omicron
SOCAR’s STAR Refinery reduces crude oil imports
Iran remains optimistic about Vienna nuclear talks
FMs of Azerbaijan, Turkey hold phone talk
Turkmenistan's crude oil supplies to Turkey down
Azerbaijan's oil export volume down in 10M2021
Footage from crash scene of military helicopter of Azerbaijan’s State Fire Service (PHOTO/VIDEO)
U.S. Int'l Development Finance Corporation provides financing to Bank of Georgia for SMEs support
Kazakhstan boosts crude oil exports to Turkey
Iran's president to speak before parliament
Kazakhstan increases trade with Turkey over 9M2021
Use of Sputnik Light as booster jab for all vaccines approved in UAE
Cargo transportation via internal waters up in Kazakhstan
Central Bank of Azerbaijan reveals amount of sold foreign currency
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,678 more COVID-19 cases, 1,934 recoveries
All news