Iran, Turkey sign new gas contract

Young Journalists Club | Latest news of Iran and world

News ID: 1096
Iran » Iran
Publish Date: 11:35 - 15 May 2013
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Tehran, YJC. Tehran and Ankara have made agreements for the transit of natural gas to Europe.

Mehr News Agency reports that following the change of market which comes on one hand by countries trying to reduce their independence on Russian gas and on the other the reduction in gas production by some European countries such as the Netherlands, Norway, and Germany, some European countries have held private negotiations to buy gas from Iran.

Following negotiations in the past two years with Turkey to launch a gas transit system to Europe, final measures are being taken to transfer gas from Iran via the Turkish land to European countries, Javad Oji said.

Deputy Oil Minister also provided comments on the volume of gas transferred as "For now negotiations have been made on 2 billion m3 gas to be transferred to Turkey annually.”

In answer to a question whether Iran would have enough gas to export to Europe and Iraq, Oji said "Keeping in mind the NOC’s plan to tap into new South Pars phases in the current year, we will have extra gas for export and transit.”

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