Iran General NewsTehran says Russia eyes gas swaps with Iran

Tehran says Russia eyes gas swaps with Iran

-

ImageReuters: Russia is interested in gas swaps with Iran, Iran's Oil Ministry news website reported on Saturday, in a fresh sign of efforts to deepen ties between two states who together account for 40 percent of world reserves.

ImageTEHRAN, Nov 1 (Reuters) – Russia is interested in gas swaps with Iran, Iran's Oil Ministry news website reported on Saturday, in a fresh sign of efforts to deepen ties between two states who together account for 40 percent of world reserves.

Russia, Iran and Qatar — which are respectively ranked first, second and third in the world in terms of gas reserves — agreed to boost cooperation at a meeting in Tehran last month.

After the meeting, Iran said there was consensus to set up a gas grouping like the Organisation of the Petroleum Exporting Countries (OPEC). Russia referred to a "big gas troika".

"Russia is interested in swapping gas with Iran," SHANA quoted the managing director of National Iranian Oil Company (NIOC), Seifollah Jashnsaz, as saying.

Swaps can involve a physical exchange of gas or a financial transaction. Jashnsaz did not elaborate on the type of deal.

The NIOC managing director said the swap idea was discussed recently with Gazprom, Russia's gas export monopoly which represented Moscow at the meeting between the three gas powers in Tehran on Oct. 21.

"Now demand for gas in the world is on the rise, there is an urgent need for coordination and recognition of joint interests and points in the sector," Jashnaz was quoted as saying, adding policies should be in the interest of producers and consumers.

Gazprom officials in Russia could not immediately be reached for comment. (Writing by Edmund Blair; editing by Chris Pizzey)

Latest news

Iran’s New Generation Seeks Nothing but Regime Change

In a silly and desperate statement, the Iranian regime’s foreign minister Hossein Amir-Abdollahian claimed that nothing special is going...

Iran’s Youths Broke the Spell of Fear

One of the main characteristics of the recent protests in Iran is the courage and fearlessness of the people,...

Iran Is on the Brink of a Revolution

The wall of fear has been broken. In many cities across Iran, women are taking to the streets, leading...

Iran’s Regime Claims To Fill Global Energy Gap Despite Crippled Petroleum Sector

In recent weeks, the Iranian regime’s officials have been constantly exaggerating their huge capacity in oil and gas reserves...

What Is Happening in Iran?

Following the brutal killing of Masha Amini, the Iranian people have once again united to fight and defeat the...

Iran Regime’s Ministry of Culture’s Decision To Eliminate Children’s Intellectual Centers

With the so-called ‘Cultural Revolution’ which took place between 1980 and 1983, the Iranian regime tried to purge the...

Must read

Iran’s Entekhab threatens legal action over sale of Daewoo Electronics

Reuters: Iran's Entekhab Industrial Group threatened on Thursday to...

Iran denies getting missile technology from NKorea

AP: Iran on Tuesday denied a U.N. panel report...

You might also likeRELATED
Recommended to you