Welcome to the new morningstar.co.uk! Learn more about the changes and how our new features help your investing success.

EU: Iranian Gas Imports A Possibility In Case Of Final Nuclear Deal

Riga (Alliance News) - Europe could consider importing gas from Iran if a nuclear deal with the ...

Alliance News 16 April, 2015 | 4:41PM
Email Form

Riga (Alliance News) - Europe could consider importing gas from Iran if a nuclear deal with the country is finalized, a top EU energy official said Thursday, shortly before negotiations on Tehran's controversial nuclear programme were due to resume.

"It's ... clear that if finally there is in the month of June a final agreement with Iran, it opens new possibilities in the future," EU Energy Commissioner Miguel Arias Canete said in Riga, following a meeting of the bloc's energy ministers.

He pointed to the fact that the Southern Gas Corridor - an assortment of projects meant to transport gas from Azerbaijan to Europe - will "have the possibilities of going further away to Turkmenistan and Iran in the future."

The EU is keen to diversify its energy sources, as part of a bid to rely less on Russia for gas.

The southern corridor is meant to focus mainly on Azerbaijan and Turkmenistan, but could be extended to other countries in the region if such moves are deemed appropriate.

The bloc's executive, the European Commission, has not ruled out stepping up energy cooperation with oil-rich Iran, but only if "all concerns" related to its nuclear programme are addressed.

Diplomats and experts from Iran and six world powers are due to meet in Vienna next week to start hammering out the legal and technical details of the nuclear deal, after the parties agreed on its outlines earlier this month.

Copyright dpa

Email Form

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites