• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 15 hours One Last Warning For The U.S. Shale Patch
  • 2 hours Oil Slips Further From 2019 Highs On Trade Worries
  • 51 mins Once Upon A Time... North Korea Abruptly Withdraws Staff From Liaison Office
  • 11 hours Modular Nuclear Reactors
  • 20 hours Chile Tests Floating Solar Farm
  • 2 hours Poll: Will Renewables Save the World?
  • 1 day China's E-Buses Killing Diesel Demand
  • 1 day Trump sells out his base to please Wallstreet and Oil industry
  • 1 day China's Expansion: Italy Leads Europe Into China’s Embrace
  • 2 days Trump Tariffs On China Working
  • 2 days Russian Effect: U.S. May Soon Pause Preparations For Delivering F-35s To Turkey
  • 2 days Biomass, Ethanol No Longer Green
  • 24 hours US-backed coup in Venezuela not so smooth
  • 1 day New Rebate For EVs in Canada

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…




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