^

World

Iran says Turkmenistan cuts of gas shipments over past debts

FUNFARE - Associated Press

TEHRAN — Iran says Turkmenistan has cut off shipments of heating gas over past debts.

The Iranian Oil Ministry's website reported the dispute yesterday, urging consumers to limit their use to guard against shortages. The website did not provide further details on the amount of the debts.

Turkmenistan has been exporting gas to Iran under an agreement signed two decades ago, but occasionally raises its prices during the winter months. In 2006, it cut off shipments and demanded a nine-fold price increase. Iran eventually accepted the higher prices for a short period.

Gas-rich Iran produces some 700 million cubic meters of gas per day, all of which is consumed by the domestic market. Turkmenistan exports some 10 million cubic meters of gas per day to Iran.

vuukle comment

IRAN SAYS TURKMENISTAN CUTS OF GAS SHIPMENTS OVER PAST DEBTS

Philstar
x
  • Latest
  • Trending
Latest
Latest
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with