Turkey likey to bargain for LNG price cut with Iran?
It is possible that Turkey would bargain to reduce price of its purchased LNG from Iran, said the head of energy affairs in the Iran Chamber of Commerce Hamid Reza Salehi, Trend reports via ILNA.
"It is possible that markets would change, especially in our region . Turkey has been looking for energy source and does not want to import it from only one country," said Salehi.
"Turkey has previously used to import gas only from Russia, then it signed a contract with Iran, to have balanced imports," said the official.
"We have predicted that Turkey wants to change prices," he said.
"The country has explored the Black Sea for energy reserves, while its gas contract with Iran is expiring so it's likely that Turkey would discuss possible reduction of prices, prices," he said.
"Iran's major gas export destinations are Iraq and Turkey, now that Turkey has turn into a player in the field of gas , Iran should focus on Iraq, and strategists in Iran should develop an energy export strategy," he said.
"Iran has the possibility of export petrochemicals to the region and it can export electricity instead of gas," Salehi said.
" The Turkmenistan–Afghanistan–Pakistan–India Pipeline (TAPI) is being constructed, while Turkey is exploring new reservoirs in the Black Sea, meanwhile Oman and Afghanistan have discovered reservoirs as well," he said.