Iran News ...


6/9/04

IEA seeks cooperation with Iran on gas supply

Brussels, June 9, IRNA -- The International Energy Agency (IEA) is discussing with Iran for supply of gas to Europe, said Claude Mandil, IEA Executive Director .

Speaking to reporters in Brussels Tuesday evening during the launch of the study 'Security of Gas Supply in Open Markets: LNG and Power at a Turning Point,' Mandil said he hoped the ''extremely important supplies of Iranian and Qatari gas will come to European markets.''

Mandil said he met Iranian oil minister Bijan Namdar Zanganeh during a recent international energy forum in Amsterdam to discuss Iranian supply of gas to Europe.

The opening of gas and electricity markets, the increased use of gas for power generation worldwide and the emergence of a global trade in LNG provide an opportunity and a need for new market mechanisms to ensure secure and reliable gas supplies, he noted.

While proven worldwide gas reserves have grown faster than gas demand, Organistion for Economic Cooperation and Development (OECD) countries increasingly need to import gas, as the discovery of additional gas reserves in OECD countries has not kept pace with the depletion of gas reserves and the increase in gas demand.

All OECD regions are now becoming import dependent, as North America will need substantially increased LNG imports.

Also, the UK is moving from self-sufficiency to becoming a large net importer.

Growing import dependence calls for a greater awareness of gas policies in supplier countries such as Russia or LNG suppliers and along transit routes.

Russia is becoming a dominant supplier of gas to Europe.

The 494-page study analyses the most recent developments of security of gas supply in the three OECD regions in the context of open markets and in view of the new demand and supply trends.

The Paris-based IEA was established in 1974 withint the framework of OECD to implement an international energy programme.

... Payvand News - 6/9/04 ... --



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