Head of the National Iranian Gas Company (NIGC) said natural gas exports to Turkey are ongoing under the framework of the current 25-year contract between the two countries and negotiations are also underway for extending the deal.
Iraq realize that Iran needs gas export revenues to Iraq, as the country is in critical condition and despite having money in the Iraqi bank accounts, it faces problem for paying $200m for the purchase of medicines.
The National Iranian Gas Company (NIGC) has offered Turkey to extend a gas supply contract between the two countries beyond 2025 and is waiting for Ankara’s official response.
The deputy director of South Pars Phase 19 Development Project announced the completion of the first part of the second gas condensate export pipeline of phases of South Pars Site 2.
Iran’s daily gas exports hit a record high of 79 million cubic meters (mcm) during June 21-July 21, 2020, NIGC official says.
European prices for natural gas would drop by about one quarter if the Nord Stream 2 pipeline connecting Russia to Germany were completed.
Tehran Chamber of Commerce has said that Turkey prefers to import natural gas from Iran instead of Russia, and this a good chance for Tehran to seize the Turkish market.
Iran has resumed the export of natural gas to neighboring Turkey after a 3-month hiatus caused by an explosion that hit the pipeline on Turkish soil on March 31.
Iran authorities say conditions governing the country’s long-term contracts for exports of natural gas should change to adapt to a market that has been affected by the coronavirus pandemic.
National Iranian Gas Company (NIGC) Dispatching Director Mehdi Jamshidi Dana says although export of gas to Turkey has not resumed yet but Iran is currently exporting 32m cubic meters of gas per day to Iraq.