Thursday, September 20, 2018   00:28:44
Monday, Jan 02, 2017
Turkmenistan halts gas exports to Iran

Turkmenistan stopped gas exports to Iran on Sunday, January 1, 2017...
“Türkmengaz suddenly and in an illogical manner, contradictory to the agreement, halted gas deliveries to Iran, demanding quick payment of the disputed amount,” the National Iranian Gas Company (NIGC) said in a statement.
Thanks to proper management from NIGC, Turkmenistan cut off gas deliveries to Iran has no effect on gas supplies for Northern provinces of the country.
It’s worth mentioning that, ten years ago, Turkmenistan abruptly stopped its gas exports to Iran in the middle of winter, and demanded a ninefold increase in the price.
According to the report of the public relations of the NIGC, Iran currently produces 700 million cubic meters of gas per day, and imports from Turkmenistan is only 2 percent of the country’s gas production.
The National Iranian Gas Company (NIGC) and Türkmengaz signed a 25-year gas contract in 1997 for supply of a part of the gas consumed in Iran’s Northern provinces by the Turkmen company. It should be said that, five-year gas contracts remain.
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