Iran May Export Gas to Greece

Iran and Greece are expected to hold talks this week in Athens to discuss prospects of Iranian natural gas exports to the European nation.

Press TV said that the new development came after the failure of negotiations on the construction of the Nabucco gas pipeline which prompted some European countries to officially ask for importing Iran's natural gas. 

Iran is also in talks with Switzerland for exports of gas. Turkish government recently announced its official agreement to transit Iranian gas to Europe.

Iran says that existing gas pipeline to Turkey has enough capacity for daily export of 36 million cubic meters of natural gas.

It was reported that 26 million cubic meters per day of Iran's gas can be used by Turkey and the remaining 10 million cubic meters per day can be exported to Switzerland and other European countries. 

Iran is currently capable of producing 600 million cubic meters per day of gas and the figure is expected to exceed 1.4 billion cubic meters per day by the end of the Fifth Economic Development Plan (2011-2015).