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Swapping Turkmenistan Gas a Win-Win Collaboration

Swapping Turkmenistan Gas a Win-Win Collaboration Energy

Transferring Turkmenistan's gas to Pakistan via Iran-Pakistan gas pipeline, aka Peace Pipeline, will benefit both neighboring states, the National Iranian Gas Company's managing director said.

"Concluding swap deals can help Iran consolidate its position in the international gas markets," Hamidreza Araqi was also quoted as saying by ILNA.

According to the official, NIGC is ready to transfer Turkmenistan's gas not only to Pakistan but also to far-flung destinations such as India.

"The joint venture can benefit both countries," Araqi said, adding that such operations can stabilize both states' status in foreign markets.

The Peace Pipeline is an under-construction 2,775-kilometer pipeline to deliver natural gas from Iran to Pakistan. The two countries signed an agreement in 2009 to implement the project.

Because of its geopolitical advantage, Iran has signed several swap deals in different sectors of energy with its neighbors.

source : Financial Tribune

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