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Page added on July 27, 2015

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Iran Starts Negotiations to Export Natural Gas to Europe

Consumption

Iran is in a good position to meet the growing gas needs of the European Union and has started its talks in this regard, the secretary general of the Gas Exporting Countries Forum (GECF) said.

“Iran and the European Union have already engaged in negotiation that involved several options for the export (of gas) to the European Union,” Sputnik News quoted Seyed Mohammad Hossein Adeli as telling reporters on Friday.

Iran could partially meet the growing EU energy demands both through pipeline supplies and liquefied natural gas deliveries, he added.

Adeli said the demand for natural gas in Europe is set to increase after 2020, with European gas imports to double by 2040.

His remarks came one day after Iranian Deputy Oil Minister Amir Hossein Zamaninia said international sanctions imposed on Iran’s oil and gas sector are expected to be lifted in October or November.

According to BP’s Statistical Review of World Energy, overall natural gas proved reserves at the end of 2014 stood at 34 trillion cubic meters in Iran, giving it the first rank in the world above Russia.

Oil and gas talks between Tehran and the EU are coming as part of a new wave of renewed interest in Iran after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14 reached a conclusion over the text of a comprehensive 159-page deal on Tehran’s nuclear program.

The comprehensive nuclear deal between Iran and the six powers would terminate all nuclear-related sanctions imposed on Iran after coming into force.

Experts believe that Iran’s economic growth would rise remarkably after the final nuclear deal takes effect.

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4 Comments on "Iran Starts Negotiations to Export Natural Gas to Europe"

  1. ulenspiegel on Mon, 27th Jul 2015 12:00 pm 

    “Adeli said the demand for natural gas in Europe is set to increase after 2020, with European gas imports to double by 2040.”

    OMG, what a nonsense. NG is the first victim of efficency gains and REs. As exporter I would be happy if the 2040 numbers were as high as the 2020 numbers.

  2. Plantagenet on Mon, 27th Jul 2015 12:28 pm 

    The EU is going to replace Russian NG with Iranian NG. The EU has sought to diversify it’s NG suppliers for s long time

  3. Makati1 on Mon, 27th Jul 2015 10:09 pm 

    Other news regarding Iran and the KSA…
    “In this context, it is quite remarkable that when this January President Obama visited the Kingdom to attend the funeral of the former king, King Salman, in clear violation of diplomatic protocol, interrupted the meeting with the American president and left him, his wife and his staff alone in order to commit a noon prayer. American media sources did not report anything on the incident, and only the Qatari television network “Al Jazeera” released information about this insult. The next step in the alienation of Saudi Arabia was the refusal to accept Obama’s invitation to the international summit on security issues at Camp David, that was voiced by the Saudi king.

    According to unofficial reports, in connection with this situation, Saudi diplomats have already been instructed to limit their contacts with their American counterparts to the necessary minimum. In addition, the Kingdom has already begun to look for new partners, that can be a valuable asset for their oil industry and the main supplier of weapons for its armed forces. A special emphasis is being put on Russia and China.”

    First appeared: http://journal-neo.org/2015/07/27/united-states-is-destroying-saudi-arabia/

    Stay tuned….

  4. ulenspiegel on Tue, 28th Jul 2015 4:59 am 

    “The EU is going to replace Russian NG with Iranian NG.”

    That is wrong. The EU will replace declining domestic NG production (UK, Netherlands, Norway..) with imports from other sources, Iran may be one.

    The side effect of course is that this may improve the bargain power in respect to Russia.

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