24-04-07

Despite the political risks, Iran’s huge oil and gas reserves are attracting Western energy companies.
Mohammad-Ali Ma’sumi, a consultant with the International Management Development Institute in Tehran, told that the future of Iran belongs to gas. Iran owns the world’s second largest natural gas reserves.

“We have started big investment in the gas and LNG business. It is almost over EUR 15 mm,” he said.
“As the Europeans are going to diversify their gas market, Iran could be one of the alternative suppliers. Our gas is next door to Europe and it is the most feasible one,” Ma’sumi said.

“The European companies are not going to follow the Americans,” he said, adding, “Somehow we have to solve our dispute with the Americans, but even without them, until now we have a big participation from the European side.”
Tehran is also planning to construct Iran-Pakistan-India gas pipeline and is holding negotiations with Kuwait, the United Arab Emirates, and Oman to reach gas supply deals.



Source: www.tehrantimes.com