• 5 minutes Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 11 minutes IEA Sees Global Oil Supply Tightening More Quickly In 2019
  • 14 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 5 mins Alberta govt to construct another WCS processing refinery
  • 1 hour What Can Bring Oil Down to $20?
  • 2 hours Let's Just Block the Sun, Shall We?
  • 11 hours U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 13 hours OPEC Cuts Deep to Save Cartel
  • 6 hours Venezuela continues to sink in misery
  • 17 hours $867 billion farm bill passed
  • 2 days Sleeping Hydrocarbon Giant
  • 2 days Sane Take on the Russia-Ukraine Case
  • 21 hours Contradictory: Euro Zone Takes Step To Deeper Integration, Key Issues Unresolved
  • 15 hours Global Economy-Bad Days Are coming
  • 16 hours Regular Gas dropped to $2.21 per gallon today
  • 21 hours WTO So Set Up Panels To Rule On U.S. Tariff Disputes

Iranian Gas for Ukraine?

Bottom Line: Iran has plenty of gas and is now looking to Ukraine (via Iraq and Moldova) for a new market.

Analysis: Iranian officials have been very vocal lately about the fact that they are courting desperate Ukraine as a market for their gas. Both Ukraine and Moldova are in the Russian gas stranglehold, and Iranian gas would alleviate this. "Both Ukraine and Moldova need natural gas, and Iran has huge gas reserves and is ready to consider future supplies of fuel to the two countries," Iranian ambassador to Ukraine Qasemi Aliabadi has told media. This is part of Iran’s desire to expand its natural gas transit routes. But more significantly, there is a new oil minister in Tehran and he’s moving fast on all fronts. Bijan Namdar-Zanganeh is the new minister in newly elected Iranian President Hassan Rohani’s government. His mission is to revive oil production, and aside from expanding new transit routes, he’s also looking at a price war to win back old customers.

Recommendations: Sanctions aside, the other roadblocks are already being overcome. In the case of Moldova, which Iran is eyeing as a market for its gas transported via its pipeline in Iraq and through Iraqi companies, the main problem is that Moldova doesn’t have a liquefied natural gas (LNG) storage infrastructure. As such, LNG that makes it way to Moldova will have to then be pushed on to other markets. This is where Ukraine comes into the picture. Ukraine has the infrastructure…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions




Oilprice - The No. 1 Source for Oil & Energy News