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Significance Europe is increasingly interested in accessing large Turkmen gas reserves, potentially via Turkey, which has reached agreements with Turkmenistan on possible swap deals via Iran. These would be relatively easy to realise as they require no new infrastructure. Impacts The deal will be linked to Turkey-Iran talks on renewing Ankara’s existing gas import contract, which expires in 2026. An electricity or gas trading agreement with Turkey would help bring Turkmenistan into the European marketplace. A reliable supply record by Turkmenistan would increase investor interest in a potential Trans Caspian Pipeline.
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