Iran's NIGC, Russia's Gazprom Sign Gas Coopeartion Deal
National Iranian Gas Company (NIGC) and Russian energy company Gazprom have signed a cooperation agreement, Iran's Mehr News Agency reported Monday.
Hamid Reza Araqi, Iran's Deputy Oil Minister, told Mehr News on Sunday that the cooperation agreement would not only cover development of gas projects but would also take training and international activities between two parties to new levels.
Araqi stressed that the agreement however is not an orchestrated attempt by Iran and Russia to ‘shape the global gas market'.
“Iran has great technical and engineering capabilities in CNG (compressed natural gas); and would export technical services to Russia as well,” Mehr News quoted Araqi as saying.
“We predict that many facets of Iran and Russia gas cooperation would only be realized when the final draft of agreement is signed by two sides,” he said.