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    Press TV: No Iran-Russia rivalry in Europe gas supply: Official

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Summary

A senior Iranian oil official has dismissed speculations that Iran may be seeking to displace Russia in gas supply to Europe

by: Sruthi

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Press Notes

Press TV: No Iran-Russia rivalry in Europe gas supply: Official

A senior Iranian oil official has dismissed speculations that Iran may be seeking to displace Russia in gas supply to Europe amid Moscow’s threats of gas cut over the crisis in Ukraine.

Ali Majedi, Iran’s deputy minister of oil for international affairs and trading, made the remarks on Sunday as Russia constantly warns of a possible cut in natural gas deliveries if Kiev fails to pay its debt to Moscow.

“Iran envisages long-term projects with regard to gas exports,” said Majedi. “Iran is looking for a win-win gas deal with European countries.”

The official said Iran, which sits atop the world’s largest gas reserves, enjoys the potential to be a long-term gas supplier to European countries. Majedi said Turkey would be the “most economical route for transit of gas to European countries.”
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