Iran Potential Gas Transit Route for Russia

Iran see’s the possibility of Russian gas transiting the country to Pakistan according to Iranian Deputy Oil Minister Ahmad Asadzadeh today.

• "Russia exports billions of cubic meters of gas to Europe. Amid the events in Ukraine, the volume of gas exports has decreased several times. Entry onto new markets will require funds. In this sense, Iran provides the best possibilities. Russian oil and gas can be transported through the territory of Iran to buyers in the south of the Persian Gulf," he said.
• "Iran's neighboring states are a large market with big gas needs. It's a huge opportunity for Gazprom to export to this market through Iran. For example, Pakistan is a major consumer of gas. They have few resources, the country doesn't have enough electricity. In this sense, cooperation between Russia, Iran, and Pakistan could be very beneficial," he added.