According to the report of the public relations of the National Iranian Gas Company (NIGC), Under the MoU, the two sides agreed to double the volume of Turkmenistan gas swap to the Republic of Azerbaijan through Iran annually.
This contract is by volume and Iran takes part of the transit gas as a swap fee.
The deal, signed after a five-year suspension in Iran-Turkmenistan gas trade, will help to improve sustainable gas flow in northeastern Iran"s gas network and pave the way to turn Iran into an energy hub in the region.
The swap volume is also expected to increase in the future.
The two sides also discussed other economic issues of mutual interest in the areas of energy, oil, gas, transportation and bilateral trade.