Iran’s NIGC in Talks with German Firms over Gas Exports to Europe

The NIGC is preparing the ground for gas exports to European destinations, Ramezani said on Monday, Shana reported.

He added that talks are underway with a number of German companies for carrying Iran’s gas to Europe.

The senior Iranian official added that the country has signed a number of gas contracts with major international firms, including Russia’s Gazprom, Germany’s Siemens, South Korea’s Kogas in an attempt to reclaim its previous position in the international oil market in the wake of the removal of anti-Terhan sanctions. 

The sanctions were lifted after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 reached an agreement on Iran’s peaceful nuclear program and started implementing it on January 16.

Iran holds the world’s third-largest proven oil reserves and the second-largest natural gas reserves.