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Iran Offers Europe Gas Amid Russian Energy Embargo Fears | Business Insider

Zanganeh iran

REUTERS/Heinz-Peter Bader

Iranian Oil Minister Bijan Zanganeh wave to journalists as he arrives for a meeting of OPEC oil ministers at OPEC’s headquarters in Vienna December 4, 2013.

 

Iran has indicated it would be willing to supply natural gas to Europe amid concern that Russia could retaliate against EU sanctions by restricting its own supplies of the fuel.

 

The Islamic republic’s oil minister, Bijan Namdar Zanganeh, said at the weekend: “As a country capable of supplying gas in very big volumes, Iran is always willing to be present in Europe’s market, either through pipeline or in LNG [liquified natural gas] form.”

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