The economist: a potential market for Iranian gas Turkey can become the

The economist: a potential market for Iranian gas Turkey can become the


Senior Director of the consulting group IHS Energy Jamie Webster, speaking at the Atlantic Council stated that the potential market for Iranian natural gas and LPG can be a Turkey.

WASHINGTON, 28 Jan –. The potential market for Iranian natural gas and LPG can be Turkey, said Thursday the senior Director of the consulting group IHS Energy Jamie Webster, speaking at the Atlantic Council.

“Of course, we’ll see a recovery of supplies of Iranian natural gas, liquefied gas. Potential exports to Turkey,” he said.

International sanctions against Iran were lifted on January 16 immediately after the announcement in Vienna about the beginning of the implementation of the nuclear agreement between Tehran and the “six” international mediators (the five permanent UN security Council members and Germany). This enabled to speak about the return of Iran to the market of energy supplies.

Iran is now actively seeking new opportunities in the extraction and export of natural gas, including through the development of gas liquefaction capacity to supply to Europe in two years, reported by the Wall Street Journal with reference to the Director of the National company for gas export of Iran (NIGEC) Alireza Cameli.

The first possibility involves the resumption of operations at the LNG facilities of Iran. Before sanctions were imposed in 2012, work on this project has been completed 40%, at the moment, a full recovery will take another three to four years.

Turkey was also to become one of the main venues for the implementation of the Russian-Turkish project “Turkish stream”, which was supposed to replace the “South stream” stopped due to the opposition of the European Commission. “Turkish stream” was planned to build up to the European part of Turkey, and then to withdraw on the target markets of Central and southern Europe. Now the “Turkish stream” frozen on the background of the cooling of political relations between Moscow and Ankara.