Trend: Iran Sells to Europe Cheap Gas, Having No Pipeline

Iran intends to enter an unequal battle for the European gas markets – albeit without pipelines but with an attitude. Europe has promised to buy all the gas available amid falling local production and increasing gas demand. The European Union will attempt to solve the gas supply issue as soon as possible due to the potential rise in consumption since the Union is going to cease the old coal power plants, convert them to gas mode as of 2017.

Europe is a huge gas market.

I call this ‘an unequal battle’ as Iran is entering into serious competition, given that the Islamic Republic has a lot of gas but no pipelines to Europe by which to deliver this gas. 

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