Iran's energy sector review

During his visit to Germany Iran's oil minister said that exporting gas through Turkey to the EU is not Iran's priority. Bijan Namdar Zanganeh said on May 7 that "gas prices were too low in Europe and transporting gas there from Iran faces legal obstacles and costly fees. For example, if Iran wanted to export gas to Europe, it would likely go through Turkey, where it could be subject to transit fees". During last month, as hopes for elimination of sanctions imposed on Iran have risen due to progress in the nuclear talks, estimations of joining Iranian gas to the Trans Anatolian Pipeline to be delivered to EU by Trans Adriatic pipeline were lauded. Iran possesses 33.8 trillion cubic meters of gas reserves, making it number one in the world, while the country wants to increase gas production from current 660 million cubic meters per day (mcm/d) to about 1,100 mcm/d by 2019. However, Zanganeh said, "Another option for Iran’s gas export to EU is liquefyi

Azerbaijani, Turkish energy ministers, as well as European Commission Vice President Maros Sefcovic have discussed the gas delivery options with  Turkmenistan  in Ashgabat. They signed an energy declaration on May 1th. During last two days, two options for transiting Turkmen gas towards EU were announced by Sefcovic: Transferring through  Iran , and building underwater Trans Caspian pipeline. On May 1st, Sefcovic said that he has discussed the possibility of transiting  Turkmenistan ’s gas via  Iran  with the Central Asian state’s leader Gurbanguly Berdymukhamedov. The following day, in an interview with Reuters, he said “we discussed all aspects referring to the trans-Caspian pipeline… We made a big step in the strategic direction”. Transferring Turkmen gas through  Iran Iran  is ready to ensure transit for transporting Turkmen energy resources, particularly, oil and gas to the third countries, Iranian President Hassan Rouhani said during his official visit to  Turkmenis