Sign-up-button1

FinGad is a Place to Review Strategies With Fellow Investors
Not a member yet?   Sign_up
No_photo_100x100 tvdovichenko's review
Investment Sector: Commodities
Submitted by Tvdovichenko contact me
10 months ago
Add Tag
Russia-Iran possible gas cooperation [ Login to Propose An Edit ]





 

Iran offered Russia to create a powerful joint gas company. It was declared by Mannusher Mottaki, Iranian Foreign Minister, during the special session of the intergovernmental committee.

To his opinion, this joint company could realise projects in countries, which have huge natural resources, particularly in Asian republics and Persian Gulf countries.

Russia-Iran cooperation in the gas sphere could become alerted European Community, all the more so it will be directed to projects realise in Central Asia.

Europe has been looking for a possibility to reduce its volatility from Russian gas. In this respect EU pins its hopes on Central Region resources. Besides, Iran is examined by Europe as one of the biggest alternative supplier of energy resources.

Specifically one of the main European projects of last few years - gas pipeline Naducco should fill with the gas from Central Asia countries, including Iranian gas delivery. In September 2007 Teheran declared about ownership of all necessary points for 35 billion cubic metre gas supply yearly to Europe. EU reacted to these intentions in a positive way.

Otherwise closed partnership of Russia-Iran in the gas sphere will reserve present being conditions in fact - Europe will not receive the alternative supplier in Iran. And this joint-stock company of Russisa-Iran in Central Asia region, taking into account Iran influence, could become a serious competitor for European and American  companies, which work in Central Asia.

Also it is necessary to admit, that Europe morbidly responds to intergovernmental Russian negotiations with transit countries, in questions connected to gas. It should think of Russia-Algeria talks about possible coordination their actions in gas supply. At that time the idea of gas cartel became to life. In consideration of Algeria, as Russia, is one of the main gas supplier, these initiatives were met by Europe in a very negative way.

By the way, not so much time ago a very perspective plan of "Gasprom" about commercial development of Algerian deposits was interrupted. It is high-probability caused by European lobby. However perspective cooperation with Iran are well keeping.

Iran isn't a strategical gas supplier to Europe till that time. But EU isn't ruled out, in future this country resources contained of 28 trillion cubic metre, will supply them to European market. In connection with this opinion the reaction to possible Russia-Iran cooperation is understood.

At that time Iran has other huge projects of gas export, i.e. the dimensioned construction project of gas pipeline to India (now there some troubles caused by complicated questions between India nd Pakistan). But in such favorable contingency, it is possible for Russian companies to take part in these plans, because they are owners of up-to-day technologies of gas production and transport. From this point of view gas cooperation with Iran is seemed to be very perspective in ecnomic and geopolitics keys.



Did you find this article useful?
6


1 comments ↓

#1 | Vt_black_best_image_thumb Vtcastle @ 10 months ago
User Rank : 532 Portfoilo Balance: $12,365.00
Comment Rating: 0
Flag Comment
Hey, couple questions...
 
1) How much natural gas does the EU purchase from Gazprom and from Iran?  I'm curious if either country will benefit from the agreement or will it hurt profits.
 
2) With the India / Pakistan tensions at current levels, do you anticipate this will negatively impact Gazprom or Iran?
 
I am attempting to identify future suppliers of natural gas in India, thus if India can not obtain foreign natural gas then it could prove beneficial for Indian natural gas companies. 
 
Thanks, VT




Please Login or Register to comment


Read about it? Trade it!

Sphere: Related Content


Sponsors Links


India economy emerging markets Pakistan reliance BHEL power fund banks Asia IT mortgage housing bank siemens US GOOG telecommunications educational baidu bidu Pharmaceutical Biotech Investing in Sin Obesity Diabetes Novo Nordisk Reliance Infratel IPO FIIs Stock Investing Trading Sensex Mutual Funds Deciem in AUM emerging market Funds Tractors Autos vehicles Review Financial Millat limited expansion Software company IT company UAE Petrobras PBR Brazil Oil wireless technology AMX VIP VSL Private Sector ICICI bank Vs Rest

More Tags