Iran says it has long-term plans to export gas to Europe

Iran says it has long-term plans to export gas to Europe

Tehran, Iran, May 18
By Milad Fashtami - Trend:

Exporting Iranian gas to Europe is a win-win situation for both sides.

Iran's Deputy Oil Minister Ali Majedi said on March 18 that the country has long-term plans to export gas to Europe.

"Iran is not going to be a rival for Russia in exporting gas to Europe," he explained.

Majedi went on to note that Iran can export gas to Europe via three pipelines.

"Turkey pipeline is the cheapest way," Iranian deputy oil minister explained, adding that Tehran can also export gas to Europe viva Iraq-Syria-Lebanon-Mediterranean pipeline or Armenia-Georgia-Black Sea pipeline.

The official also said that negotiations with Turkey over transferring Iranian gas to Europe have been successful so far.

Majedi said on May 6 that Iran's gas production will exceed the country's domestic consumption in the next calendar year (to start on March 21, 2015), so it can diversify its gas customers.

In regards to Iran and Switzerland's agreement over gas export, Majedi said that the deal was halted due to the sanctions.

"Europeans have always been willing to import gas from Iran, but sanctions prevented them from signing contracts," he said.

Iranian Oil Minister Bijan Namdar Zanganeh said on May 3 that the country plans to export gas to Europe via pipeline or in the form of LNG (liquid gas).

"Europeans prefer to diversify their gas and energy sources," Zanganeh said, Iran's IRNA News Agency reported.

"Europeans started negotiations to import Iranian gas 9 years ago. But apparently the talks were halted in the previous years," he explained.

Zanganeh went on to note that Iran is a country capable of exporting large volumes of gas and is always willing to provide gas to Europe.

"Once the phases of South Pars gas field come on stream in next [Iranian calendar] year (to start on March 1, 2015), Iran will have extra gas to export," he said.

Zanganeh said on April 19 that Iran plans to export 80 billion cubic meters (bcm) of gas to Asia and Europe in calendar year 1400 (March 2021-March 2022).

"We are planning to export 80 billion cubic meters of gas to Turkey, Europe, Iraq, Pakistan, and the Persian Gulf Arab states in calendar year 1400," he said, Iran's IRNA news agency reported.

"We should boost oil, gas, electricity, and petrochemicals through diversifying methods of sale and cooperating with the private sector," he said, adding that the country's oil refining capacity is projected to rise to three million barrels per day.

In March, Zanganeh said Iran forecasts an increase in its crude oil and natural gas production in the current Iranian calendar year 1393, which began on March 21.

Iran's crude oil output is forecast to increase by about 200,000 barrels per day to 4 million barrels per day, and its daily natural gas output is forecast to increase by about 100 million cubic meters per day to 400 million cubic meters per day.

Twelve more coronavirus patients die in Moscow in past day — crisis center
Twelve more coronavirus patients die in Moscow in past day — crisis center
Putin proposes urgent 7-state online summit on Iran, Persian Gulf
Putin proposes urgent 7-state online summit on Iran, Persian Gulf
EU 'highly concerned' by U.S. stance on Nord Stream pipeline
EU 'highly concerned' by U.S. stance on Nord Stream pipeline
Loading Bars
Latest
Chinese mainland reports 22 new confirmed COVID-19 cases
Argentina extends COVID-19 quarantine until Aug. 30
Trump orders ByteDance to divest interest in U.S. TikTok operations within 90 days
US resolution to extend arms embargo on Iran fails to get enough Security Council votes
Israel reports 1,258 new COVID-19 cases, 91,080 in total
Canada, U.S. agree to extend border closure for another month
Turkish minister warns of spike in COVID-19 cases in risk groups
Four hurt in blast, fire in publishers' area of Iran capital: state media
Twelve more coronavirus patients die in Moscow in past day — crisis center
Lebanon's COVID-19 cases exceed 8,000, death toll at 94
EU, Eurozone trade with rest of world remains at lower levels in June
Trump says he would agree to $25 billion for Postal Service if Democrats make concessions
Number of coronavirus cases worldwide exceeds 21 million
Azerbaijan's Azercosmos to provide satellite services in Africa
Putin proposes urgent 7-state online summit on Iran, Persian Gulf
Investments in agricultural sector of Iran's Kermanshah Province increase
Turkey's export of leather products abroad in 1H2020 down
Kazakhstan's import from Bulgaria down twofold amid COVID-19
Georgia to improve business climate on legislative level
Azerbaijan reveals maritime trade operations for seven months
EU 'highly concerned' by U.S. stance on Nord Stream pipeline
S. Africa commends WHO's leadership in fighting COVID-19
Azerbaijan unveils its seven-month airfreight performance
Monterey Herald publishes article on Armenians' atrocities against Azerbaijanis in LA
Foreign trade turnover of Azerbaijan drops
Azerbaijani community of Azerbaijan's Nagorno Karabakh issues statement
Gold price grows in Azerbaijan
Arming Armenia means supporting occupation of Azerbaijani lands - MP
Azerbaijani MP: Turkish Grand National Assembly rejected Treaty of Sevres, tearing it apart as useless paper
Subsistence minimum for average household down in Georgia
Uzbekistan to implement big touristic projects in Bostanlyk district
First batch of hazelnuts to be exported from Georgia to Germany
Georgian Artana Wines company decides to grow organic vegetables
Data on terry products sales at Turkmen State Commodity Exchange for July 2020 revealed
Uzbekistan resumes domestic flights, rail services, public transport traffic
Georgia decreases mandatory quarantine & self-isolation time
Kazakhstan's revenues from air transportation down year-on-year
Pashinyan again shows his helplessness, responding to BBC's "hard" questions (VIDEO)
Azerbaijani oil prices fluctuate
Air separation unit launched in Kazakhstan to supply ArcelorMittal Temirtau with gases
Ukrainian car building company interested in expanding cooperation with Turkmenistan
Electricity consumption down in Georgia
EU supports medium, long term recovery of Kazakh economy amid COVID-19
Azerbaijan sees growth in alternative energy production
Azerbaijan confirms 221 more COVID-19 recoveries
Iran's ministry supports increase of home appliances' price
Georgia, US discuss possibility of opening DFC regional office in country
Investments in socio-economic dev't in Azerbaijan grow
U.S. retail sales rise less than expected in July
Kazakhstan’s largest electrotechnical company to launch equipment production
Namangan Free Economic Zone to expand car production in Uzbekistan
National Bank of Georgia talks reasons behind remittances' growth
Uzbek-Korean JV opens tender to buy batteries
Volume of export of oil, oil raw materials from Azerbaijan to Ukraine revealed
Azerbaijan reveals seven-month statistics of industrial production
EU COVID-response to contribute to long-term health systems resilience in Central Asia
Azerbaijan successfully resolving problem of irrigation water shortage
Kazakhstan's Passenger Transportation JSC opens tender for loading, unloading services
SOCAR's STAR Refinery among Turkey’s 500 largest companies
Uzbekistan's national postal operator expands services
Multiple projects to be commissioned in Kazakhstan within industrialization roadmap
Angry Birds maker happy as stay-at-home gaming boosts profit
Iran is to sell oil bonds at stock exchange
Capacity of Georgian Kula canning company to increase
Turkmenistan’s Dashoguz region opens tender for construction, installation work
Output volume at Azerbaijan’s Kursangi, Garabagli fields revealed
Azerbaijani refugee from Armenia: Oppression of Azerbaijanis in Armenia began before 1988
Uzbekistan boosts trade turnover with Afghanistan during 1H2020
Turkmen manufacturer of suspended ceilings to expand its product range
British analyst: Uzbekistan to increase domestic electricity consumption over next decade
Weiss, CEO of Majid Al Futtaim – Retail, talks Uzbekistan's food retail market prospects
Mikayil Jabbarov: Azerbaijan-Israel partnership is strong, resilient, forward-looking
Azerbaijan's GDP slightly decreases
Maersk Drilling: Contracting activity for drilling campaigns with 2020 commencement to be limited
Global total utilization for jack-up rigs, floaters down
Georgian TBC Bank Group buys stake in its Uzbekistan branch
Azerbaijan’s Nakhchivan increases GDP volume
Number of flights over Iran's airspace increases
Azerbaijan's Kapital Bank to increase its authorized capital
Russia’s St. Petersburg, Turkmenistan boost cooperation
Kazakh coal extracting venture to buy filters via tender
Uzbek-Turkish JV to increase export of electrical goods from Uzbekistan's Samarkand
Money transfers to Georgia up in July 2020
Kazakhstan's Sunday Airlines resuming flights to Egypt
PETRONAS Carigali Sdn Bhd in Turkmenistan opens tender for provision of downhole equipment
Israel puts Georgia on list of 'green' countries
Central Bank of Uzbekistan establishes co-op with Central Bank of South Korea
Kazakhstan's export to Germany down during COVID-19
Indonesia's Widodo proposes $186 billion 2021 budget, 5.5% of GDP deficit
Bryza: By supplying military equipment to Armenia, Russia losing credibility as OSCE MG co-chair
Iranian National Tax Administration imposing tax on gold coin owners
Russia's St. Petersburg to supply ships to Turkmenistan
UK transport minister says people know the risks of travel in 2020
Graduates of Baku Higher Oil School awarded DAAD scholarships
Azerbaijani currency rates for August 14
Rehabilitation of Zemo Imereti-Racha road actively progressing in Georgia
Canadian oil & gas company aims to start operations in Uzbekistan
Azerbaijani Nakhchivan's mobile operators up revenues
Oil gains, heading for weekly rise amid hopes for fuel demand recovery
Azerbaijan discloses Consumer Price Index for July
All news