During a visit to Turkey, Iranian Minister of Petroleum Javad Owji and senior Turkish economic and energy officials held negotiations on extension of a long-term agreement for pumping Iranian gas to Turkey.

The 25-year gas deal between Iran and Turkey will expire on 2026.

The two sides discussed whether to increase Iran’s gas exports to Turkey by inking a new deal or by extending the existing agreement.

It is said that both Iran and Turkey agree on the main principles for extending the deal.

During a visit to Tehran by Turkish President Recep Tayyip Erdogan, Iran and Turkey made the initial agreement to start negotiations on a new gas exports deal that will allow increased supply of natural gas from Iran to Turkey for a period of 25 years starting in 2026.