Iran is expected to export gas to Europe


Iran is considering exporting gas to Europe, an oil ministry official said Sunday, against the backdrop of soaring energy prices due to Russia’s war in Ukraine.

“Iran is studying this subject, but we have not concluded yet,” deputy oil minister Majid Chegeni said by the ministry’s official news agency, Shana.


“Iran is always after the development of energy diplomacy and expansion of the market,” he added.

Though Iran boasts one of the world’s largest proven gas reserves, its industry has been hit by US sanctions reimposed in 2018 when Washington withdrew from a landmark nuclear deal between Tehran and world powers.

In February, Russia’s invasion of Ukraine sent global oil and gas prices soaring, with many European countries dependent on energy imports from Russia.

Big tanks are seen at a BP oil refinery in Gelsenkirchen, Germany, on March 7, 2022. Prices for gasoline and diesel reached new highs in Germany due to Russia’s war in Ukraine.

The situation worsened Wednesday when Kyiv said Russia had halted gas supplies through a critical transit hub in the east of Ukraine, fueling fears Moscow’s invasion could worsen an energy crisis in Europe.

Last year, the European Union received around 155 billion cubic meters of Russian gas, accounting for 45 percent of its imports.


Iran’s deputy oil minister also confirmed that Tehran and Baghdad had signed a memorandum of understanding a few weeks ago to see the Islamic Republic increase gas exports to Iraq.

“Gas exports from Iran increased, and in this memorandum, it was stated that Iraq’s debt of $1.6 billion to Iran will be paid by the end of May,” Chegeni added.



Share post:



More like this

UK: MP Priti Patel visits Colchester Zoo to celebrate its 60th anniversary

British Conservative Party Politician and Member of Parliament in the United Kingdom, Priti Patel, feels deeply pleasured to visit the Colchester Zoo in England to celebrate its 60th anniversary on Friday, June 2, 2023.

UK: MP Robert Largan receives extra funding of £2,291,718 for High Peak Schools

British Conservative Party Politician and Member of Parliament for High Peak, Robert Largan, expressed her pleasure and gratitude for receiving extra funds for the high peak schools in the United Kingdom Government, which will help students to receive a better, more advanced and more efficient education system. As per the update shared by MP Robert, there has been receiving extra funding of £2,291,718 for schools in High Peak.

Dominica: PM Roosevelt Skerrit urges citizens to protect families, properties amid Atlantic Hurricane Season

Prime Minister Dr Roosevelt Skerrit reminded the citizens and residents of the Commonwealth of Dominica to stay prepared to safeguard their families and properties during the Atlantic Hurricane Season 2023, which began officially on June 1. Several countries in the Eastern Caribbean region are preparing themselves for this year's hurricane season.

UK: MP Michael Ellis hosts Q&A Session at Headlands School, Thorplands Academy, expresses gratitude

British Conservative Party Politician and Member of Parliament for Northampton, North, hosted Q&A Session with Pupils Prepped by Laura Kuenssberg at both Headlands School and at Thorplands Academy, who had previously attended a seminar with the senior BBC journalist Laura Kuenssberg discussing how to interview political figures.