Iran News ...


6/1/05

German energy giant Eon eyes Iranian gas market: daily

Berlin, June 1, IRNA-German energy giant Eon is interested in investing in the Iranian gas market in a bid to lower its dependency on Russian gas supplies, the economic daily Handelsblatt said in its Wednesday edition.

A delegation of Eon's subsidiary Ruhrgas has already met with Iranian government representatives and toured several Iranian gas fields, according to the report.

Meanwhile Eon officials refused to comment on their Iran plans.

Iran is attractive as a primary source of liquefied natural gas (LNG) as well as its gas pipelines, the paper pointed out.

However Eon's Iran gas plans are still at a very early stage, an unidentified Eon manager was quoted as saying.

Eon is reportedly seeking potential cooperation partners, among them France's Total and Austria's OMV, for its engagement in Iran.

A business deal with Iran would also decisively improve Eon's bargaining position with Russian gas powerhouse Gazprom, according to the newspaper.

The largest gas provider in Germany owns a 6.5 percent stake in Gazprom.

Germany already imports 35 percent of its oil and 40 percent of its gas from Russia, more than any other western European country.

... Payvand News - 6/1/05 ... --



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