Turkmenistan has suspended gas supplies to Azerbaijan via Iran under the swap scheme since January 1, 2024.
According to the pro-government Trend news agency, Azerbaijan and Turkmenistan could not agree on the terms of supplies for 2024.
The Iranian Mehr news agency reports with reference to the National Gas Company of Iran (NIGC) that negotiations on gas supplies are currently underway between Ashgabat and Baku. It is noted that Iran is interested in resuming supplies, since with its help the country partially provides gas to its northern regions bordering Turkmenistan. This is especially important in winter.
Turan agency recalls that on November 28, 2021, Azerbaijan, Iran and Turkmenistan signed a trilateral agreement on swap gas supplies in Ashgabat within the framework of the 15th summit of the heads of state of the Economic Cooperation Organization (ECO). The ceremony was attended by the Presidents of the three states, Ilham Aliyev, Ibrahim Raisi and Gurbanguly Berdimuhamedov. The contract provided for the supply of Turkmen gas through Iran to Azerbaijan in the amount of 1.5 to 2 bcm of gas.
Turkmenistan has started supplying gas to Azerbaijan since the beginning of 2022.
Turan, referring to the bulletin of international Trade of the Republic of Azerbaijan, prepared by the State Statistics Committee of the Republic of Azerbaijan, reports that by the end of January-October 2023, Azerbaijan imported 1 billion 326.7 bcm of gas from Turkmenistan. At the same time, 1,000 cubic meters of Turkmen gas cost Azerbaijan $142.93. By the end of 2022, Turkmenistan supplied 857.1 mcm of gas to Azerbaijan.
Caspian Barrel
