Iran Mulling Over Increasing Gas Exports to Turkey

Tehran is looking into Anakara’s request to double gas exports to Turkey, reports Iran’s Press TV.

Earlier this month, Turkey had said that it was ready to double the amount of natural gas it imports from Iran if price is reduced.

According to Press TV, Oil Minister Bijan Namdar Zanganeh said Iran has yet to make up its mind about Turkey's request for the reduction of the gas price.

Iran is currently charging Turkey $490 for every 1,000 cubic meters of gas and exports 10 bcm per year.  

“Talks have been held between Iranian and Turkish oil and energy officials about discount in the gas selling [price] in case Iran’s gas exports to Turkey double. But despite bilateral negotiations, Iran has not yet fully agreed with this gas request of Turkey,” said Zanganeh.

After conducting expert studies, Tehran will officially announce its final proposal about the price of gas exports to Turkey, he said.

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