Iran Drops Price of Natural Gas to Turkey

Iran National Gas Exports Manager Rukniddin Jawadi disclosed that Turkey had been asking for a decrease in the prices for a long time. Jawadi acknowledged the fact that the new gas reserves found in southern Iran played an important role in the price reduction, although there are still strings attached. Jawadi pointed out that the new prices would only be put into effect if Turkey agreed to help Iran export gas to Europe.

Meanwhile, Turkish Prime Minister Recep Tayyip Erdogan is expected to go to Iran in late July. It is reported that the decrease of the gas price and the transportation of Iranian gas via Turkey would be among the main topics to be discussed by Erdogan and Iranian officials.