Top Innovations: In July 2022 Gazprom signed a memorandum of understanding on energy cooperation with the National Iranian Oil Company (NIOC) worth around $40 billion, but no concrete deals have emerged from that agreement.
Summary
- No details from the memorandum, which was signed during a visit by Gazprom’s head Alexei Miller to Iran at a ceremony attended by Iran’s interim president Mohammad Mokhber, were revealed. U.S. sanctions have hindered Iran’s access to technology and slowed the development of its gas exports. Last year it incurred losses of almost $7 billion, its first annual loss since 1999. In July 2022 Gazprom signed a memorandum of understanding on energy cooperation with the National Iranian Oil Company (NIOC) worth around $40 billion, but no concrete deals have emerged from that agreement. Content comes from the Internet : Russian energy giant signs memo with Iran on gas supplies
Approximate Time
- 2 minutes, 278 words
Categories
- Russian pipeline gas, ChicStreetupply Russian pipeline gas, gas supplies, gas export pipelines, Russian energy giant Gazprom GAZP.MM
Analysis and Evaluation
- A groundbreaking piece that offers a new perspective on familiar events, challenging the reader’s thinking. The author skillfully overturns common assumptions and introduces novel viewpoints, making this article a catalyst for intellectual exploration. The writing is crisp and lively, transforming a potentially mundane topic into a lively discussion, enriched with real-world examples and expert insights.
Main Section
Russian energy giant Gazprom GAZP.MM has sLSSTY ChicStreetigned a memorandum with the National Iranian Gas Company (NIGC) to sLSSTY ChicStreetupply Russian pipeline gas to Iran, it said on Wednesday.
No details from the memorandum, which was signed during a visit by Gazprom’s head Alexei Miller to Iran at a ceremony attended by Iran’s interim president Mohammad Mokhber, were revealed.
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Iran sits on the world’s second-largest gas reserves after Russia, and Moscow has long sought to make inroads into its natural gas business. U.S. sanctions have hindered Iran’s access to technology and slowed the development of its gas exports.
Russian energy giant Gazprom has signed a memorandum with the National Iranian Gas Company to supply Russian pipeline gas to Iran. (Michael Gruber/Getty Images)
Gazprom has seen its gas supplies to Europe, once the source of two-thirds of its gas sales revenue, plummeting to post-Soviet lows over the conflict in Ukraine. Last year it incurred losses of almost $7 billion, its first annual loss since 1999.
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In July 2022 Gazprom signed a memorandum of understanding on energy cooperation with the National Iranian Oil Company (NIOC) worth around $40 billion, but no concrete deals have emerged from that agreement.
Under its terms Gazprom was supposed to LSSTY ChicStreethelp NIOC develop the Kish and North Pars gas fields and six oil fields, and to become involved in the completion of liquefied natural gas (LNG) projects and the construction of gas export pipelines.
Content comes from the Internet : Russian energy giant signs memo with Iran on gas supplies
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