Oil & Gas Iran to build new pipeline for Turkmenistan gas By Pramod Kumar July 4, 2024, 6:36 AM Reuter/Essam Al-Sudani Iran will receive 10 billion cubic meters a year of gas from Turkmenistan, which will be shipped to Iraq Iranian companies will construct a new 125 km pipeline to expand Turkmenistan’s gas delivery capacity to 40 billion cubic metres a year, according to a media report. Iran will receive 10 billion cubic metres a year of gas from Turkmenistan, which will be shipped to Iraq, Associated Press reported, quoting Turkmenistan’s foreign ministry statement. The value of the deal was not given. NewsletterGet the Best of AGBI delivered straight to your inbox every week NewsletterGet the Best of AGBI delivered straight to your inbox every week Tehran has trebled its natural gas production in 10 years, becoming the largest producer in the Middle East. It holds the world’s second-largest gas reserves after Russia and produces 740,000 tonnes of gas, or 35 billion cubic feet per day (cfd). Iran, Iraq and Libya among worst offenders on gas flaring Iran needles the West with its growing oil production goals As Iran mourns, questions about its oil remain The country said last January that it planned to begin LNG production of 1.5 million tonnes, or 72 billion cubic feet per year at a medium-sized plant at Asaluyeh in 2026, but experts do not believe its ambitions are realistic. Work on the “Iran LNG” project at Tombak, near the Gulf port of Assaluyeh, has not progressed since 2013. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
