Iran Press/ Asia: In December of last year, on the sidelines of the ECO summit, Iran, Turkmenistan, and the Republic of Azerbaijan agreed to swap 1.5 to 2 billion cubic meters of Turkmen gas annually for the Republic of Azerbaijan.
On Friday, Javad Oji, who is in Azerbaijan to attend Baku Energy Week, signed a memorandum of understanding with the Minister of Economics of the Republic of Azerbaijan, Mikhail Jabbarov.
According to the MoU, the two sides agreed to double the volume of gas transported by Turkmenistan to the Republic of Azerbaijan via the Iranian pipeline.
This contract is by volume, and Iran takes part in transit gas as a swap fee.
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