Russia, Iran strengthen gas ties

Officials from Gazprom and Iran’s Petroleum Ministry have held talks concerning current and potential joint projects for developing the South Pars gas and condensate field in the Persian Gulf.

Offshore staff

MOSCOW -- Officials from Gazprom and Iran’s Petroleum Ministry have held talks concerning current and potential joint projects for developing the South Pars gas and condensate field in the Persian Gulf.

The two parties also discussed progress on the development of Iran’s gas industry, prospects for cooperation in new regional pipeline projects, and participation in swap deals. Additionally, Gazprom agreed to help draw up a road map of cooperation between Russia and Iran in the energy sector.

According to Gazprom, Iran holds gas reserves of 29.6 tcm, surpassed only by Russia. Currently, Gazprom is developing phases 2 and 3 of South Pars, on stream in 2002, in partnership with Total and Petronas.

01/15/2010

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