Inca News

Inca News Inca News

Last Minute
update: 11:52, 14 August 2014 Thursday

Iran to provide Europe with alternative to Russian gas

Iran to provide Europe with alternative to Russian gas

Iran's deputy oil minister Ali Mejidi has indicated that the Nabucco Project, which was put on hold last year, is now back on track.



 

As the Ukraine crisis puts Russia and Europe at odds, leaving Europe with no choice but to search for alternative natural gas resources, Iran looks likely to fulfill Europe's demand.

Iran's deputy oil minister Ali Mejidi has indicated that the Nabucco Project, which was presented as an alternative to Russian gas with the potential of fulfilling a large proportion of Europe's need before being put on hold last year, is now back on track.

Speaking to Russian press, Mejidi confirmed that two separate delegations were sent to Europe. "With Nabucco, Iran can provide Europe with gas. We are the best alternative to Russia," he said.

Mejidi also said that though a number of routes to deliver the gas to Europe were being considered, Turkey was the "right address."

The Nabucco project, which was first presented in 2002, plans to pump gas to Europe via Turkey, Bulgaria, Romania, Hungary and Austria. The project will also pump 31 billion cubic meters of Azerbaijani and Iraqi natural gas to Europe.



Related Topics » Iran | Europe | Russian gas |