The export of natural gas to Europe via pipelines is wishful thinking, as neither Russia nor the US will allow Iran to enter such a lucrative market, the former managing director of National Iranian Gas Company said.
“Selling gas to Europe is more lucrative than marketing it in neighboring states, yet tackling its potential challenges requires certain political and financial considerations,” Hamidreza Araqi was also quoted as saying by ILNA.
The ongoing conflict between Russia and Ukraine is to the benefit of the US as it can expand its liquefied natural gas footprint in Europe, he added, stressing that in addition to Russia, Iran has another serious rival, the US, to contend with to enter the European gas market.
Add new comment