PressTV: Iran says piping gas to EU not economical

Alireza Kameli, the managing director of the National Iranian Gas Export Company (NIGEC), has been quoted by Iran’s domestic media that piping natural gas to Europe is not economically justifiable under the present conditions.

Kameli has emphasized that neighboring states as well as Asian markets are today the prime target of Iran’s gas export plans. Exporting gas to nearby countries, the official said, is much more cost-effective than taking it to Europe through a pipeline of several thousand kilometers.  

“Besides, taking the pipeline through the territory of each host country will require paying transit fees among other technicalities involved,” Kameli has been quoted as saying by the Persian-language newspaper Afarinesh.  “These will eventually reduce Iran’s profits from the whole scheme.”

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