EU dreams of Iranian gas to break dependence on Moscow

Gas field in Iran

The EU is hoping future gas imports from Iran can break its dependence on Russia as prospects grow for a nuclear deal that would include lifting sanctions on Tehran.

The European Union is betting on so-called Southern Corridor pipelines to supply gas to southern Europe via Turkey from fields in Azerbaijan and nearby countries, including Iran.

“It’s one of our priorities,” EU commissioner for Climate Action and Energy Miguel Arias Canete said Wednesday in the Latvian capital Riga when referring to the gas route.

Due to be operational in 2019, the project is expected in an initial stage to deliver 10 billion cubic metres of gas per year to Bulgaria and Greece…

  • Drunk_by_Noon

    Frying pan, fire!
    Tomāto Tomäto .

    • David Murrell

      Iran: a reliable source of natural gas (sarcasm).

  • Norman_In_New_York

    Hmm. Israel has huge offshore gas reserves and is prospecting for more. What does the EU have to fear by making a deal (and including Cyprus)?

    • Drunk_by_Noon

      They have enough surpluses to sell?

      • Norman_In_New_York

        It is estimated that without any exports, Israel has a 70 year supply from the two largest pockets discovered so far. The largest of them won’t be in production for two more years.

  • Xavier

    Why do they need gas with all the wind power?

    • David

      nyuk nyuk

  • Alain

    So it seems that Russia supporting Iran may backfire big time. Funny how these things work out sometimes.