Iran official says Tehran mulling gas exports to Europe

TEHRAN, 16 May 2022, (TON): Iran is considering the possibility of exporting gas to Europe, an oil ministry official said “against the backdrop of soaring energy prices due to Russia’s war in Ukraine.”

Deputy oil minister Majid Chegeni was quoted as saying by the ministry’s official news agency, Shana “Iran is studying this subject but we have not reached a conclusion yet.”

He added “Iran is always after the development of energy diplomacy and expansion of the market.”

Though Iran boasts one of the world’s largest pro-ven gas reserves, its industry has been hit by US sanctions that were reimposed in 2018 when Washington withdrew from a landmark nuclear deal between Tehran and world powers.

Talks aiming to revive the 2015 nuclear deal began last year in Vienna but have been on pause for weeks amid outstanding issues.

Russia’s invasion of Ukraine in February sent global oil and gas prices soaring, with many European countries dependent on energy imports from Russia.

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