Russia's Gazprom Announces Natural Gas Supply Deal With Iran

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Russia's Gazprom Announces Natural Gas Supply Deal With Iran
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Russian energy giant Gazprom has signed a memorandum of understanding with Iran to look into supplying the country with natural gas.

Gazprom has signed an agreement to look into the possibility of supplying Russia n gas to Iran , Russia ’s gas giant said on Wednesday. Gazprom and the National Iran ian Gas Company NIGC signed the memorandum of understanding during a visit of Gazprom executives to Tehran. “The parties proceed from developing long-term mutually beneficial cooperation going forward,” Russia n news agency Interfax quoted Gazprom as saying in a statement.

Miller’s absence from the Chinese visit was interpreted as yet another sign that Russia and Gazprom are not close to sealing a deal with China for a second pipeline to supply Russian gas, the Power of Siberia 2. Gazprom, meanwhile, having lost most of the European market, is looking to pivot its sales to Russia’s “friendly” countries, which include China and Iran. Before the war in Ukraine, Russia supplied around one-third of all the gas to Europe.

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