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Iran in talks to export liquefied gas to Spain

Business Materials 26 May 2015 01:49 (UTC +04:00)
IGCC Managing Director Mohammad Ali Barati said one of the objectives of the company is to export liquefied gas to European countries but now Iran's exports are limited due to sanctions.
Iran in talks to export liquefied gas to Spain

Speaking to Tasnim News Agency on Monday, IGCC Managing Director Mohammad Ali Barati said one of the objectives of the company is to export liquefied gas to European countries but now Iran's exports are limited due to sanctions, Irna reported.

'After the (removal of) sanctions, relations with European countries will be expanded,' he said, adding, 'Naturally, in that case we will have new customers from the continent.'

He stated, 'Currently, we have no exports to the European Union but we are in indirect talks to export gas to Spain.'

Iran, sitting on the world's top gas reserves with an estimated 33.6 trillion cubic meters, is an attractive alternative supplier for Europeans seeking to improve their resilience to gas supply disruptions.

Russia is now the biggest supplier of gas to Europe, with about a third of Europe's current gas requirements covered by Russian gas.

Earlier in April, Iran's ambassador to Turkey said Tehran was working out details of a project to export natural gas to Europe via Turkey.

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