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The EU Is Still Keen To Buy Iranian Gas Despite Nuclear Row.

Publication: APS Review Gas Market Trends
Publication Date: 06-NOV-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
The EU is keen to start buying natural gas from Iran to diversify supplies away from Russia, despite a European Commission freeze on Iran gas talks due to the international row on Tehran's nuclear ambitions. Iran is slated to pump between 7-10 BCM/year of gas to the EU from 2011 under the so-called Nabucco project, which is planned to have a pipeline running from the Turkish-Iranian border to Baumgarten, Austria.

Negotiations on this have been going off and on between the European Nabucco consortium and the state-owned National Iranian Gas Export Co. (NIGEC). There was to be an initial agreement...

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