Middle East Economic Survey


No 31



Iran To Import Additional Turkmen Gas

Irans Minister of Petroleum Gholamhossein Nozari told reporters on 26 July that Iran had secured an agreement to import additional volumes of Turkmen gas, with pricing set at a new rate 50% lower than the current $340/1,000 cu ms. He said that Iran expects to raise imports from Turkmenistan to 14 bcm/year by the end of 2010, compared with the current contractual level of 8 bcm/y, although maximum intake...