Iran Ready to Supply Gas to Ukraine, Moldova

Iran is ready to supply gas to Ukraine and Moldova, Iranian ambassador to Ukraine and Moldova said.

"Both Ukraine and Moldova are in need of natural gas. Iran enjoys vast gas reserves, and is prepared to consider future supply of gas to the two countries,” Ambassador Akbar Qasemi Aliabadi said on Friday, according to state owned Press TV. 

Ukraine, which buys most of its gas from Russia, is looking for other sources due to high price of Russian gas.

Iran, which sits on the world's second largest natural gas reserves after Russia, has been trying to enhance its gas production by increasing foreign and domestic investment, especially in its South Pars Gas Field. 

The country is also looking at reducing its focus on oil and encourage development of its natural gas assets for exports.