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Iran Eyed as Potential Major Gas Supplier to Europe

Service : Economy
TEHRAN, June 10 (ICANA) – Former German Chancellor Gerhard Schroeder underlined that Iran can be one of the major suppliers of gas resources to the energy-hungry European countries.
Friday, June 10, 2011 10:35:22 PM
Iran Eyed as Potential Major Gas Supplier to Europe

Schroeder who heads a Russian-German consortium which oversees the construction of the North European Gas Pipeline, was quoted by the German the business daily Handelsblatt that North Africa and Iran could serve as major gas suppliers for Europe besides Russia.

Europe has reportedly been trying to lessen its dependence on Russian gas by looking for alternative gas sources, mainly in the Middle East and North Africa.

German gas and oil imports from Iran surged to nearly 80 percent last year.

Iran has repeatedly indicated its readiness to step up gas exports to energy-hungry Europe.

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