by Daniel J. Graeber
Tehran (UPI) Apr 15, 2013
The European community could look to Iran as a reliable partner as it struggles to add a layer of security to its energy sector, Iran's trade minister said.
Trade Minister Mohammad Reza Nematzadeh said Monday that "Iran should be considered a reliable partner for natural gas supplies to Europe."
Iran has the second largest deposits of natural gas in the world, though the sector is undeveloped because of a lack of foreign investments.
Iran once touted its reserves as a viable source of natural gas for the so-called Southern Corridor, a network of gas transit sectors meant to break Russia's grip on the energy sector. Sanctions imposed on Iran for its controversial nuclear program meant that option was left on the sidelines.
Iran uses more than half of the natural gas it produces.
Russian energy company Gazprom said the supply of natural gas sent to Europe through Ukraine is in jeopardy because of Kiev's mounting gas debt. Europe relies on Russia for about a quarter of its gas, but most of that is sent through a Soviet-era transit network in Ukraine.
[Fars News Agency]
Powering The World in the 21st Century at Energy-Daily.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.|