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Iran, Russia to soon sign natural gas swap deal

August 25, 2022

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Iran, Russia to soon sign natural gas swap deal

Web DeskbyWeb Desk
August 25, 2022
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Iran will soon sign a deal with Russia to import its natural gas for domestic consumption and deliver the same amount to customers at other parts of the Iranian borders, the Minister of Petroleum of Iran Javad Owji said following a meeting in Tehran on Wednesday with Igor Levitin, an Aide to the Russian President Vladimir Putin, the Iranian Press TV reports. The Petroleum Minister stated that senior official of the National Iranian Gas Company (NIGC) will travel to Moscow in the near future to sign the gas swap deal with Russia. “The gas purchase and swap (agreement) with Russia has been finalized and it will be signed in the near future in Moscow between the NIGC and the Russian side,” Owji said. Iran and Russia, the two major global gas producers, have deepened their energy ties in recent months. Last month, Iran’s state oil company the NIOC and Russia’s Gazprom signed a joint investment deal worth $40 billion. Iranian Petroleum Ministry officials said at the time that gas swap could be a part of the energy cooperation deal.
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