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Turkmenistan exports of gas to Iran up 18 percent in Q1, 2003

Turkmenistan has exported over two billion cubic meters (m3) of gas to Iran during the first quarter of 2003, registering a 18.3 percent rise compared to the same period last year, IRNA reported from Ashkhabad.

The Turkmen-Rue online periodical said that gas is exported to Iran via a 200-km pipeline between Korpedzhe in Turkmenistan and Kord-Kouy in Iran, with some exports also going to Russia.

The figure indicate the country exported over 5 billion cum of gas to Iran in 2002, "expected to increase to 6.5 billion cum this year," the report said.

The Russian daily Vermya Navosti quoted a Turkmen state official as saying in March that "The volume of Turkmen natural gas export to Iran through the 125-mile gas pipeline, running from Korpedzhe in Turkmenistan to Kord-Kouy in Iran, reached to about 5 billion cm in 2002 and valued at 42 dollars per 1,000 cm."

"Iran is the solid buyer of Turkmen gas which pays the total value of exported gas in foreign exchange," the official added.

Turkmenistan and Iran inaugurated a key gas pipeline late December with hopes it will soon become part of a much larger regional network sending gas all the way to Europe.

Iran paid 80 percent of the dlrs 195 million of the pipelines' construction costs and Turkmenistan plans to pay back its debt in natural gas supplies within three years.

The leaders of Iran, Turkey and Turkmenistan reached a preliminary agreement to build a gas pipeline through their countries and to Europe late December.

Also in March an new memorandum of understanding (MoU) on the development of Bajgiran-Goudan joint border market was inked here on Tuesday between Iran and Turkmenistan as a complementary to the one signed last month.

According to the MoU, in addition to the formal exchanges, new transportation facilities for goods and passengers are to be provided at the border market by both sides, while the quality and quantity of the goods should be optimized.

... Payvand News - 4/16/03 ... --

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