Tehrantimes.com: Iran seeking gas exports to Europe through Turkey: NIGC head

Tehrantimes.com: Iran seeking gas exports to Europe through Turkey: NIGC head

INFORMATION / DISINFORMATION / BA COMMENT 


 

Tehrantimes.com: Iran seeking gas exports to Europe through Turkey: NIGC head

 

TEHRAN – Head of National Iranian Gas Company (NIGC) said Iran is seriously following up on exporting gas to Europe through Turkey, ILNA reported

According to Hassan Montazer Torbati, Iran has all the necessary infrastructure for realizing this goal in case the political barriers are resolved and the European side is ready to cooperate.

“Negotiations have been held with European companies but we haven’t reached concrete results yet. Most of the private sector in Europe wants Iranian gas, and if that happens, it will be via Turkey,” he said.

The official noted that Greece would be the first destination for Iranian gas if the project goes operational.

“We have held talks with several Turkish companies for transiting our gas thought the country to Europe and for the time being Greece is more serious than other destinations,” Torbati added.

Considering recent increases in Iran’s natural gas production, the country has been reconsidering its plans for expanding destination markets for gas and oil products and exports to Europe once again has come under the spotlight.

Last month, NIGC Dispatching Director Mehdi Jamshidi Dana, said the country’s daily gas production has reached 810 million cubic meters (mcm).

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BA Comment

Although it is a highly plausible scenario, given the completion of the TANAP, the recent drone attacks wipe out the direct sales option. Iranian gas imports into Turkey might increase the gas surplus level in the country allowing traders to export this gas to and via Greece and Bulgaria. Iranian gas trade enjoys highest risk premiums implying likelihood of escalation sanction including a ban on Iranian gas.