Iran may start liquefied natural gas (LNG) supplies to Europe in 5-10
years, Iran’s Deputy Oil Minister Amir Hossein Zamaninia told TASS on Thursday.
The deputy minister said such option is more preferable than building a gas
pipeline to supply gas to European nations.
Zamaninia said the price in Europe now is much lower than in South-East
Asia and therefore there is no sense in pipeline gas supplies to Europe.
Europe may become the market for Iranian gas in the mid-term, the official
saidat the Iran/EU investment and trade conference.
Zamaninia said the EU always consumed Iranian oil. Europe may be a market
for the Iranian gas in the mid-term and long-term, he added. The deputy
minister said natural gas will remain the preferable energy source in the
foreseeable future.
Iran and the EU may reach long-term relations in politics and the economy
and in oil and gas sphere, Iran’s deputy minister said.
(ITAR-TASS)