BAKU, Azerbaijan, Dec. 4
By Elnur Baghishov – Trend:
The tripartite contract on gas swap signed between Turkmenistan, Iran and Azerbaijan will benefit all three countries and the region, Iranian analyst Saeed Mirtorabi told Shana News Agency, Trend reports.
On November 28, 2021, a tripartite contract on the swapping of 1.5-2 billion cubic meters of Turkmen gas to Azerbaijan through Iran per year was signed between Iran and Azerbaijan in Ashgabat, Turkmenistan, on the sidelines of the 15th Summit of the Economic Cooperation Organization (ECO). Implementation of the contract will begin on December 22, 2021, and daily 5-6 million cubic meters of gas will be swapped.
According to Mirtorabi, undoubtedly, the contract will have a positive impact on the improvement of economic and political relations between the neighboring countries. The creation of energy exchange, economic exchange and expanding cooperation will contribute to stability of economic relations between the countries, and regional stability as well.
The analyst also added that the contract can create a line of economic integration between countries in the energy sector. At the same time, under the contract, Turkmenistan will receive revenues, and gas disputes between Iran and Turkmenistan may be resolved.
"In addition, thanks to the contract, Turkmenistan will export gas, Iran will eliminate its gas shortage in the winter. This should have an overall positive impact on the growth of trade turnover," he said.
---
Follow the author on Twitter:@BaghishovElnur