facebook
twitter
rss
account
search
search
 

Iran, Turkmenistan discuss gas prices

April 17, 2009 at 9:47 AM   |   Comments

TEHRAN, April 17 (UPI) -- Ashgabat and Tehran entered negotiations on the pricing mechanism for the export of gas from Turkmenistan to Iran for the second half of 2009.

Energy ties between the countries soured in 2008 when Turkmenistan halted gas shipments to Iran, citing technical difficulties and complications from financing pipeline maintenance.

A delegation from Ashgabat arrived in Tehran in February, however, to move ahead with a deal to develop the Yolatan gas field in Turkmenistan for 350 million cubic feet of exports to Iran.

Iran is in negotiations that include Russian gas giant Gazprom to review pricing terms for gas imports from Turkmenistan. Iran pays $140 per thousand cubic meters, or 35,315 cubic feet, while Gazprom is willing to pay $240 for re-exports, the Tehran Times reports.

Iran is struggling to improve its regional energy position as it copes with punitive economic sanctions tied to its controversial nuclear program. Moscow and Ashgabat, for their part, are at odds over energy ties as Turkmenistan looks to Western markets for its lucrative energy reserves.

Topics: Tehran Times
© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Destroyers with ballistic missile defense capability heading to Japan Destroyers with ballistic missile defense capability heading to Japan
2
Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal
3
Maker of Camel cigarettes bans smoking in workplace Maker of Camel cigarettes bans smoking in workplace
4
Little girls drop F-bombs for feminism in new FCKH8 video Little girls drop F-bombs for feminism in new FCKH8 video
5
Warren Buffett loses $2 billion in 2 days on investments Warren Buffett loses $2 billion in 2 days on investments
Trending News
Around the Web
x
Feedback