Turkmenistan, Ashgabat, Nov. 29 / Trend H.Hasanov /
Ashgabat and Tehran are preparing a new contract on an additional sale of Turkmen gas in connection with the commissioning of new gas transportation system between the Turkmen Dovletabat Field and the Iranian Sangbast settlement, an official Turkmen source reported.
Based on the project, the pipeline will provide an opportunity to increase gas supplies to 12 billion cubic meters of gas annually. Together with the existing Korpeje-Kurtkui gas pipeline,
Iran will purchase 20 billion cubic meters of gas annually from Turkmenistan.
The new supplies are designed to meet the needs of Iran's northeastern settlements, in particular the Semnan, Mazandaran, Golestan, Khorasan-Rezavi, North Khorasan, and South Khorasan provinces.
The project is implemented within an agreement signed between the
Turkmengaz state concern and Iranian National Gas Company in July. The parties agreed to increase Turkmen gas exports from 8 billion cubic meters to 14 billion cubic meters in 2010, and then to 20 billion cubic meters per year in the long term.
"Turkmenistan's main gas pipelines to Iran - designed for long-term gas supplies - allow our country to significantly expand its gas export capacity, which will facilitate the successful implementation of our national energy strategy, including the provision of stable energy resource transportation to world markets to ensure global energy security," the source said.