Turkey, Iran agree to start talks to extend natural gas deal

Turkish and Iranian officials agreed to start talks to negotiate the extension of Tehran’s natural gas export contract to Ankara by 25 years.

The parties will also discuss increasing the amount of gas exports during the talks initiated by the seventh meeting of the Turkey-Iran High-Level Cooperation Council on Tuesday, the office of Iranian President Ebrahim Raisi said in a statement.

Iran is a key supplier of Turkey’s natural gas and oil purchases, selling about ten billion cubic metres a year of gas under a 25-year supply deal to the country signed in 2001.

The gas exports are carried out via a 2,577 kilometre (1,601 miles) pipeline running from Tabriz to Ankara.

“Iran announced its readiness to provide sustainable energy to Turkey through gas exports,” the Iranian presidency said in the statement.

The seventh meeting of the Turkey-Iran High-Level Cooperation Council was held in the presence of Turkish President Recep Tayyip Erdoğan and Raisi in Tehran, where the two neighbouring countries’ leaders gathered to discuss the future of Syria along with Russian President Vladimir Putin, under the so-called Astana peace process.

 

 

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