If Gazprom acquires a stake in the Iranian gas sector, it would be able to partially control Iranian gas streams and prevent competition with Russian gas in Europe. Photo: Gas flares on an oil production platform in the Soroush oil fields alongside an Iranian flag on July 25, 2005.Reuters
Russian energy giant Gazprom has sent a note to Iranian authorities with a request to participate in gas liquefaction, writes Iran’s Mehr News Agency. If it acquires a stake in the Iranian gas sector, then Gazprom would be able to partially control Iranian gas streams and prevent that country’s competition with Russian gas in Europe, according to a report on the Russian news portal Gazeta.ru.
Currently the National Iran Oil Company (NIOC) is preparing the technical and economic justification for holding the tender. In February 2016 Russian media wrote that Iran had begun cooperation with Gazprom. The NIOC reported that five joint committees had been created in the areas of investment, repair jobs, servicing, storage and oil and gas processing.
Today Gazprom is the biggest gas supplier on the European market providing more than a quarter needed for Europe’s consumption. According to the company, they delivered 158.6 billion cubic meters of gas to Europe in 2015 alone. Iran has not yet entered the European gas market, but it delivers approximately 9-10 billion cubic meters of gas to Turkey each year.
According to oil company BP, Iran is thought to have one of the largest reserves of gas in the world – 33 trillions of cubic meters of gas or about 17-18 percent of the world’s supply.
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