An unlikely partnership? Iran may be the next big supplier of energy to the EU
Iran has the second largest natural gas reserves after Russia (File Archive)
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Iranian Oil Minister Bijan Namdar Zanganeh says the Islamic Republic is ready to supply European countries with natural gas.
“As a country that has the capacity to supply gas in large volumes, Iran is always willing to export natural gas to Europe via pipeline or in the form of liquefied natural gas (LNG),” Zanganeh said on Saturday.
Regardless of the gas supply issues between the EU and Russia over the Ukrainian crisis, the Europeans are willing to diversify their sources of energy, he pointed out.
Zanganeh further noted that development of different phases of South Pars gas field will allow Iran to increase its natural gas exports from the next Iranian calendar year, beginning in March 2015.
On March 2, Iranian Foreign Minister Mohammad Javad Zarif said Tehran can be a reliable supplier of energy resources for European countries.
He talked of efforts to set the stage for energy trade with Europe following Tehran’s interim nuclear deal with the permanent members of the United Nations Security Council - Russia, China, the US, France, Britain - plus Germany.
Iran, which sits on the world's second largest natural gas reserves after Russia, has been trying to enhance its gas production by attracting foreign and domestic investment, especially in its South Pars gas field.
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