Gazprom may participate in Iran export projects

Business Materials 2 February 2016 01:05 (UTC +04:00)

In December, Gazprom and the National Iranian Gas Company held talks on expanding Iran's underground gas storage and its gas transport network, as well as equipment deliveries from Russia, Sputnik reported.

"With regard to Iran's export opportunities, they, of course, exist both in pipeline gas and liquefied natural gas. However, what the purpose of this gas will be, it is still an open question. In addition, we do not exclude our participation in a number of projects in Iran, with export orientation," Alexander Medvedev stated during an Investor Day in New York, commenting on the anti-Iran sanctions lifting and its consequences for cooperation with Gazprom.

Iran's priority in the gas sector will be meeting domestic demand, especially in its territorial aspect, he noted.

"It is no secret that there is a significant shortage of gas in the northern regions of Iran. It is no coincidence that the use of Russian output to meet Iran's demand for gas has been discussed quite specifically in the course of our recent meetings with Iranian colleagues," Medvedev stressed.

On January 20, Chairman of Gazprom's board of directors Viktor Zubkov said the company was exploring the possibilities of closer cooperation with Iran after the international sanctions against the country were lifted.