Iran has signed an agreement to help Turkmenistan develop its biggest gas field in exchange for more gas imports.
The tentative deal is a strategic coup for Tehran, which has long sought to establish the Islamic Republic as a transit country for gas from the Caspian region.
It also suggests that Turkmenistan, which has the potential to become a central Asian gas superpower, is intent on establishing a diversified market for its exports.
“Iran will co-operate to develop the Yoloten gas field in Turkmenistan”, said Reza Kasaizadeh, the chairman of National Iranian Gas Export Company, according to the website of Iran’s state-run television. “Iran will act as a contractor and the Turkmen side will pay all the expenses for the project.”
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