Iran, Turkmenistan negotiate on cost of imported gas

Oil&Gas Materials 20 June 2009 13:56 (UTC +04:00)

Turkmenistan, Ashgabat, June 20 / Trend , G.Hasanov/

An Iranian delegation arrived in Ashgabat to negotiate to cut a cost of the imported Turkmen gas, an Iranian media reported with the reference to officials of the Iran National Gas Company.

Particularly, Mehr news agency quoted the company's Director General on Export Seyyed Reza Kasaiizadeh's speech that a price of natural gas dropped on the world markets after oil price cut. Therefore, we plan to hold negotiations with the Turkmen officials to cut gas prices.

The current negotiations are held due to expiring the date of the contract on June 30 which Iran plans to extent for three years with an opportunity to increase volumes of the imported gas. The current contract was inked for six months with fixing a gas price.

Deliveries are conducted to the northern Iranian province since 1997 via the pipeline from the Korpeje field to the Iranian Kurt-Kui city. Capacity of the pipeline is roughly 8 billion cubic meters of gas with perspective of doubling the volume.

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