Iran eyes new markets for gas exports

Oil&Gas Materials 6 November 2013 11:42 (UTC +04:00)

Baku, Azerbaijan, Nov. 6

By Rahim Zamanov - Trend:

We have started gas negotiations with Russia's Gazprom Company and the representatives of the Russian government, the Iranian Oil Minister Bijan Namdar Zanganeh said.

"Iran has also good relations with Algeria which is one of the world's biggest gas suppliers," the IRNA News Agency quoted Zanganeh as saying in a televised interview, Nov. 6.

"Countries like Oman and Qatar are more experienced in the gas exporting market so we can use their experiences to improve the country's gas exports," he added.

Zanganeh went on to note that Iran eyes new markets such as India, Europe, and Turkey for exporting gas.

"Iran's first priority is exporting gas to neighboring countries, since no country in the region except for Iran and Qatar has gas surplus," he added.

Zanganeh said on October 30 that the country is also looking to sign deals for gas exports to Oman and the United Arab Emirates.

Iran, which sits on the world's second largest natural gas reserves after Russia, has been trying to enhance its gas production by increasing foreign and domestic investment, especially in its South Pars Gas Field.