TODAY’S – Iran may double gas sale to Turkey

Iran may double gas sale to TurkeyTurkey could see its natural gas purchases from Iran, its second-largest provider, increase by as much as double the current levels once the latter finalizes infrastructure projects, sources have said.The Islamic Republic News Agency (IRNA) reported over the weekend that Tehran could soon double gas exports to Turkey after it finalizes a project to strengthen gas pressure facilities in the border city of Tabriz.

andldquoAt present, the gas compressor installations in Tabriz have three turbo compressor systems and three electro compressors will be added to the installations in this development plan,andrdquo IRNA quoted National Iranian Gas Company (NIGC) for Operations Deputy Head Abdul Hossein Samari as saying.Samari told the news agency that Iran could increase its daily gas transfer to Turkey from the current 36 million cubic meters to 53 million cubic meters.

The statements from Iran come at a time when Ankara has to meet an even greater demand for natural gas in electricity production. Water levels in Turkeyand#39s major reservoirs have fallen remarkably this year, eating away at the countryand#39s hydroelectric production capacity and thus increasing the need for natural gas in electricity production.

Turkey increased its purchase of Russian gas by 9 percent in the first half of 2014 year-on-year, and Iranian Deputy Oil Minister Ali Majedi said in July that Turkey looked forward to increasing the volume of its gas imports from his country.Turkey imports 10 billion cubic meters (bcm) per year of gas from Iran.

Ankara, meanwhile, finds the price of Iranian gas andquottoo expensiveandquot and insists that Tehran send gas at relatively lower prices.

SOURCE: Today’s Zaman