Iran, Armenia keep bartering gas with electricity
Azerbaijan, Baku, Aug.27/ Trend F.Milad/
Iran's imports and exports of natural gas with neighboring countries are underway, managing director of the National Iranian Gas Transmission Company Reza Almasi stated.
Reza Almasi told the IRNA News Agency that the swap of gas with Azerbaijan, the barter of gas and electricity with Armenia, the exports of gas to Turkey, and the imports of gas from Turkmenistan are continuing.
Iran and Armenia signed an agreement in February 2011 on supplies of electricity in exchange for gas. Armenia is expected to supply 2.4 billion kWh in exchange for 801 million cubic meters of Iranian gas.
Iran and Azerbaijan signed an agreement in January 2011 that allows Azerbaijan to pump at least one billion cubic meters of natural gas into Iran.
Iran exports an average daily amount of more than 30 million cubic meters of natural gas to Turkey, indicating a daily growth of 11 million cubic meters compared to 2010.
Iran started importing natural gas from Turkmenistan in 1995 after the two sides signed a 25-year contract. The contract has bound Turkmenistan to gradually increase gas exports to Iran to 8 billion cubic meters per year at a fixed price.