Page 10 - GLNG Week 38 2022
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GLNG MIDDLE EAST GLNG
Iran, Russia reportedly set to go ahead
with gas swap arrangement
TRADING IRAN and Russia look set to implement a gas suffers from gaps, particularly in the northwest
swap arrangement under which the former of the country, officials reportedly briefed. To
will take 15mn cubic metres (mcm) per day of complete the swap, Iran would export increased
gas from the latter, according to Iranian media amounts of gas to Turkey and Iraq through pipe-
reports. lines to the west, they were cited as also saying.
A volume of 9 mcm of Russian gas per day Iran already has gas swap agreements with
would flow into northern Iran via pipelines run- Turkmenistan and Azerbaijan.
ning via Azerbaijan, while southern parts of Iran Iran and Russia have stepped up their trade
would take 6 mcm of gas from Russia per day and investment cooperation across several fields
delivered in the form of liquefied natural gas since Moscow was hit by heavy Western sanc-
(LNG), according to Fars News Agency, one of tions in the wake of its late February invasion of
the outlets that reported the information pro- Ukraine. Prior to the sanctioning of Russia, Iran
vided by Iranian oil ministry officials. Gazprom was the most heavily sanctioned country in the
would be a partner in the liquefaction process world. It is now the second most sanctioned.
required for the use of the LNG.
Iran would use the gas supplies from Russia to
strengthen its domestic supply network, which
P10 www. NEWSBASE .com Week 38 23•September•2022
