Iran-Turkey Natural Gas Agreement Approaches Expiration
The natural gas agreement between Iran and Turkey is nearing its expiration, with no current extension talks initiated. Turkey seeks to diversify energy sources, including Russian LNG, as it contemplates the future of its gas supply.
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The natural gas exchange contract between Iran and Turkey is set to expire in the coming months, raising the possibility for renewed negotiations. However, Turkey's Energy Minister Alparslan Bayraktar stated that no formal discussions for an extension are currently taking place.
During a recent diplomacy forum in Antalya, Bayraktar reiterated Turkey's strategic interest in diversifying its energy portfolio, particularly by considering Russian LNG alongside existing agreements. The outcome of these discussions could significantly impact Turkey's energy security and its relationship with Iran.
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