AzerNews: Iran back in race to supply blue energy to Europe?

Asked whether the nuclear deal will affect Europe’s gas market, given Iran’s long-lasting intention to bring gas to Europe, Kamran Dadkhah, a professor of economics at Northeastern University in Boston city of Massachusetts State, excluded any real effect in the short run.

Dadkhah said that while Iran has the second largest proved natural gas reserve in the world, most of its fields are undeveloped.

“Iran lacks the necessary transportation and pipeline network to export its gas to Europe. But if sanctions are lifted and Iran rejoins the world economy, foreign investments and technology could bring development of the fields and construction of the necessary infrastructures to supply natural gas to Europe,” he said.

Stressing that it will take several years to accomplish, the expert believes that once the process starts, it would make a big difference for Europe.

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