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Can Iran offer Europe strategic relief with its energy potential?

TOPSHOT - An Iranian flag flutters on board the Adrian Darya oil tanker, formerly known as Grace 1, off the coast of Gibraltar on August 18, 2019. - Gibraltar rejected a US demand to seize the Iranian oil tanker at the centre of a diplomatic dispute as it prepared to leave the British overseas territory after weeks of detention. (Photo by Johnny BUGEJA / AFP) (Photo by JOHNNY BUGEJA/AFP via Getty Images)
To:

Al-Monitor Pro Members

From:

Dr. Bijan Khajehpour

Managing Partner, Eurasian Nexus Partners, Vienna, Austria 

Date:

July 18, 2022

Bottom Line:

Iran is a significant gas producer on a global scale, but most of its production is used for domestic consumption. The reserves and potential exist for Iran to become a long term exporter of gas to Europe.  However, sanctions, political tensions as well as operational challenges will prevent this scenario in the medium term.

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