Turkmenistan, Iran and Azerbaijan agreed on swap gas supplies up to 2 billion cubic meters

November 29, 2021 | 05:44 |15083

A trilateral agreement on swap supplies of 1.5-2 billion cubic meters of Turkmen gas to the Republic of Azerbaijan via Iran was signed in Ashgabat on Sunday.

According to IRNA, the signing took place in the presence of the Presidents of Iran and Azerbaijan - Ebrahim Raisi and Ilham Aliyev.

According to the agreement reached by the oil ministers of Iran and Azerbaijan, Turkmenistan will sell Azerbaijan from 5 to 6 million cubic meters of gas per day.

The tenured contract comes into force on December 1 of the current year.

In addition to the economic benefits, this trilateral agreement will strengthen regional relations and cooperation.

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