Iran resumed natural gas exports to Turkey

Iran resumed natural gas exports to Turkey

The Iranian Ministry of Oil announced it had resumed natural gas exports to Turkey, despite media reports suggesting that exports could stop forever due to price disputes.

A spokeswoman for the National Iranian Gas Company (NIGC) said on Wednesday that Turkey had completed repair works on the pipeline that went out of operation after the March 31 explosion, which allowed Iran to resume exports. This announcement put an end to weeks of speculation about Turkey’s possible decision to discontinue the import of natural gas from Iran.

Turkey has the right to import about 8.5 billion cubic meters of gas from Iran every year under the 25-year agreement concluded in 2001. In accordance with the agreement, any change in oil prices may have an effect on the price of gas supplied by Iran to Turkey.