Tuesday, January 05, 2010

Gas: Iran, Turkmenistan to launch new gas pipeline

Reuters reports Iranian President Mahmoud Ahmadinejad is to launch a new gas pipeline during his visit to Turkmenistan this week that will more than double natural gas supplies from the Central Asian state to Iran.

The new link will help Turkmenistan offset losses from lower sales to Russia and diversify exports, distancing itself from the former Soviet overlord.

"...launching the pipeline... will allow (Turkmenistan), along with existing facilities, to raise natural gas supplies to Iran to 20 billion cubic metres a year," the Turkmen Foreign Ministry said in a statement late on Monday.

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