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Turkmenistan Signs Last-Minute Gas Deal With Iran

Turkmenistan has managed to avert the loss of one of its only two buyers of natural gas with some desperate, last-gasp negotiations.

Iran’s Mehr news agency reported on December 30 that Turkmenistan has signed a new gas deal despite demands from Ashgabat for Tehran to pay $1.8 billion in alleged unpaid arrears for historic gas deliveries. 

Negotiations went right down to the wire, as Mehr news agency revealed.

“Due to Turkmens’ persistence on [threatening] to cut gas exports to Iran over claims of a $2 billion debt, the Iranian delegation left the negotiating table to return home. At the airport, Turkmenistan’s officials persuaded the Iranian delegation to come back to the negotiating table in hopes for reaching an agreement on gas delivery to Iran,” the news agency reported.

In the run-up to the agreement, a senior official with the National Iranian Gas Company (NIGC) signaled that Tehran was willing to adopt an intransigent position over the matter, leaving Turkmenistan with few options ahead of a Saturday deadline.

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Turkmenistan Signs Last-Minute Gas Deal With Iran

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