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EU interested in supply of natural Iranian gas

Brussels, Jan 24, IRNA-The European Union's top energy official said Tuesday that he will be glad if Iranian natural gas would flow to the energy-hungry Europe.

"Definitely Iran has huge gas reserves and I am definitely glad if Iranian gas will come to serve the European market as well,'' EU energy commissioner Andris Piebalgs told a press conference in Brussels in reply to IRNA's question on EU-Iran energy cooperation.

"But to make it happen there should be investments made and liquefied natural gas terminal should be developed. Only in this case there can be real supply of Iranian gas to the market,'' he added.

There is great concern in the EU over gas supply following the recent gas price crisis between Russia and Ukraine.

About 40% of EU gas supply comes from Russia and the pipeline passes through Ukrainian territory. The crisis had disrupted gas delivery to some countries in the 25-member European bloc.

Voices are now rising in Europe for the diversification of energy supply and not be over dependent on Russian gas.

Piebalgs said the Commission is to present its Green Paper on a common European energy policy to EU leaders in a summit in March.

In reply to an Arab journalist's question on the possible impact on Europe from an Iranian oil embargo, the Commissioner replied that "any disruption of oil supply makes an impact and Iran is a large supplier to the oil market."

"I really believe that Iran will never use such a step because it will be counterproductive in the EU-Iran debate,'' he added.

... Payvand News - 1/24/06 ... --

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