Russian Energy Giant Gazprom Signs Memorandum to Supply Gas to Iran
Russian energy giant Gazprom has signed a memorandum with the National Iranian Gas Company to supply Russian pipeline gas to Iran. This partnership aims to enhance Iran's natural gas business, which has been hindered by U.S. sanctions.
Key Points
- Gazprom signs memorandum with National Iranian Gas Company
- Aims to supply Russian pipeline gas to Iran
- Russia seeks to make inroads into Iran's natural gas business
- U.S. sanctions have impacted Iran's gas exports
Pros
- Enhances Iran's natural gas business
- Strengthens partnership between Russia and Iran
Cons
- U.S. sanctions have hindered Iran's access to technology and slowed gas exports