▲ Up
20:15 14-11-2018
АКИpress CA-News Tazabek Turmush
Iran seeks out-of-court settlement of gas dispute with Turkmenistan
Central Asia | business | 16:24, 25 April 2018 | 1206

AKIPRESS.COM - Next month Iranian and Turkmen experts will investigate Iran-Turkmenistan differences on their dispute and are hoped to reach agreement on the issue so that the case is not referred to the court, Managing Director of National Iranian Gas Company Hamid-Reza Araqi said, IRNA reports.

Speaking to reporters on the sidelines of the fourth seminar on sustainable production of gas, Araqi commented on quality of Turkmenistan's gas and said in case the quality is low, some penalties will be envisaged but Ashgabat has promised to upgrade quality of its gas and Iran in turn will reduce the penalty, he said.

This year Iran will start gas exports to Basra and the cost will be received from Iraq, according to the official.

Gas dispute started between the Turkmengas and National Iranian Gas Company after the Turkmen side asked Iran to pay its $1.8-2 billion gas debt. The debt dated back to winter 2007-2008, when Iran had to buy more gas from Turkmenistan due to cold weather.

However, the Turkmen side increased the gas price several times going beyond the sum of the gas contract. The gas supply contract stipulated export of gas to Iran at $40 for 1,000 cbm, but additional gas supply was raised to $360.

Administration of President Rouhani said they paid for gas supplied by Turkmenistan during the last 3.5 years. The earlier debts occurred during the previous government and the size of the debt needs to be negotiated with the Turkmen side.

Iran's claim to the international court of arbitration consists of 3 parts: Turkmenistan halted gas supply in January 2017 without a prior notice. poor quality of gas and its high price.

Iran has big gas fields in hte north of the country, but since 1997 the country imported gas from Turkmenistan for its northern provinces.

Turkmenistan exports around 30-35 billion cubic meters of gas to China annually and hopes to double its gas exports to China by 2020.
17:40 World's most excellent airlines for 2019 revealed17:33 Turkmenistan, Uzbekistan discuss key areas of cooperation17:15 President Jeenbekov receives commanders of CIS border troops16:50 Digital CASA: MP says parliament fears endorsing agreements after power plant breakdown16:45 Parliamentary faction leader suggests probe into leakage of personal information during election campaign16:27 MP gifts 3-storey building for school in remote district of Kyrgyzstan16:20 Kyrgyz athlete wins world weight lifting championship and sets world record16:10 Saudi Arabia to provide $30 million to Kyrgyzstan for construction of schools amid their shortage15:58 Pedestrian tunnel for 28mln soms in Osh region to open in December15:17 Calgary votes against Winter Olympics bid15:04 Kyrgyzstani fighter Altynbek Mamashev new WEF welterweight champion14:45 Construction of new building of Taza Suu municipal enterprise begins in Batken14:40 Court closes 1 case against ex-Bishkek mayor Kubanychbek Kulmatov14:36 Special services of Turkic states discuss situation in Afghanistan, Syria14:35 Campaign in honor of World Diabetes Day starts in Batken14:31 $14.6 million out of $20 million of EDB investment for farm machinery leasing disbursed: Deputy PM14:18 Kyrgyz farmers interested in Belarusian farm machinery14:08 Over 5,000 Kyrgyzstanis have diabetes: Health Ministry14:04 Kyrgyzstan, Turkey discuss military cooperation13:48 ADB allocates $500mln loan to strengthen Turkmenistan's electricity supply and boost regional power trade
© AKIpress News Agency - 2001-2018. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)65-03-06