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Iran set to increase gas exports to Turkey

SOHEIL

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Iran, Islamic Republic Of
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Iran is expected to sign a new agreement with Turkey to increase the volume of natural gas exports to its northwestern neighbor by five million cubic meters (mcm) per day.

The agreement is expected to be signed on the sidelines of the ministerial meeting of the Economic Cooperation Organization (ECO), scheduled to kick off in Tehran on Monday.

Following the agreement, Iran’s natural gas exports to Turkey will reach 30-35 mcm per day.

In December 2012, Turkish Energy Minister Taner Yildiz said his country will continue buying natural gas from Iran despite financial sanctions imposed against the Islamic Republic by the West.

The United States, Israel and some of their allies have repeatedly accused Iran of pursuing non-civilian objectives in its nuclear energy program. Over the false allegation, Washington and the European Union have imposed unilateral illegal sanctions against the Islamic Republic.

Iran refutes the allegation, arguing that as a signatory to the Non-Proliferation Treaty and a member of the International Atomic Energy Agency, it is entitled to develop and acquire nuclear technology for peaceful purposes.

Iran’s natural gas is of crucial importance to Turkey, as it uses a significant portion of imported Iranian gas to generate electricity.

Iran, which owns the world's second-largest natural gas reserves after Russia, is Turkey's second-biggest supplier after Moscow.

In addition to exporting gas to Turkey, Armenia, and Pakistan, the Islamic Republic is currently negotiating gas exports to Iraq.

Turkey also imports oil from Iran.

PressTV - Iran set to increase gas exports to Turkey
 
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According to a Monday report by The New York Times the Kurds in Iraq have agreed to supply Turkey with at least 10 billion cubic meters of gas every year through a natural gas pipeline whose construction is part of the deal.

Turkey have not officially confirmed the deal, which represents a fifth of the country’s current gas consumption.

PressTV - Turkey defies US, Iraq by oil, gas deal with Kurds

İf this news happens to be true, Iran's gas export to Turkey will dramatically drop.
 
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on what price turkey is buying iranian gas and whats the gas price for pakistan? is it the same?
 
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on what price turkey is buying iranian gas and whats the gas price for pakistan? is it the same?

As i know the price of the natural gas bought from foreign counties is a government secret.
 
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Nice tactic by Iran. Turkey is depent on our gas so sell them expensive. Turkey is currently searching for natural gas in eagean sea and mediterranean sea, searching for shane gas in country. In the long term, i believe our dependency on Iran and Russia will lower.
 
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as the sanctions on iran is lifted it will further increase gas prices
 
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