Bloomberg: Iran Energy Comeback Won't Boost Global Natgas Supply Soon

s sanctions on Iran end, the nation is eager to enter the global natural gas market. The rest of the world won’t notice anytime soon.

Europe probably won’t feel the additional Iranian supply until at least 2030 as the country builds up its infrastructure and forges purchase agreements, according to energy company executives. Even as Europe seeks to diversify imports away from Russia, Iran still has significant hurdles to jump before becoming part of the continent’s supply mix.

After a decade of economic sanctions, Iran is cleared to resume global trade at a time when a global oil glut has driven natural gas prices to the lowest since 2010. The end of restrictions also opens the way for foreign investors to the world’s fourth-largest reserves of crude and biggest deposits of natural gas. MORE