HomeMediaLatest NewsThe cooperation between Russia and Iran on natural gas is a rational decision

The cooperation between Russia and Iran on natural gas is a rational decision

20 September 2022

Kondratiev Sergey V. Principal Director on Economic Studies, Head of the Economic Department

Sergey Kondratiev, Deputy Head of the Economic Department of the Institute for Energy and Finance, commented to Gazeta.ru on the Russian gas supplies to Iran.

The cooperation between Russia and Iran on natural gas is a rational decision. This opinion was expressed in an interview with Gazeta.Ru by Sergey Kondratiev. On Tuesday, Fars reported that Iran, as part of an agreement between Gazprom and the Iranian National Oil Company, will soon start buying nine million cubic meters of Russian natural gas daily. According to the agreement, Iran plans to buy gas from Russia, which will be delivered through Azerbaijan.

“Russia is now trying to find opportunities to increase gas exports in conditions when, due to sanctions, the European market for Gazprom is not available. At the same time, the company has free capacities of more than 100 billion cubic meters per year. Therefore, I would now call the cooperation with Iran a rational decision,” Kondratyev said.

According to him, Russia has a ready-made infrastructure that allows increasing supplies to Iran through Azerbaijan.

“Iran traditionally faces gas shortages in winter. Especially in the north of the country, where there are large cities and industrial centers. Choosing Russia for Iran is more economically feasible than increasing the capacity of gas pipelines,” the expert explained.

He did not rule out that within the framework of the Russian-Iranian cooperation, gas prices would be fixed at a low level.

 

Kondratiev Sergey V. Principal Director on Economic Studies, Head of the Economic Department
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