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25 November, 2015

Iran's entry into energy market is a game-changer

Iran's entry into the global energy market will enable the world's consumers to reduce their reliance on carbon energy, and transition to supplies of cleaner gas in the drive towards a low-carbon economy, Nicolo Sartori, a Senior Research fellow in the Energy Program at the Istituto Affari Internazionali, told Radio Sputnik on Tuesday.

Russia and Iran are the two countries in the world with the most gas resources, and their cooperation in tapping into those resources will be an important step towards meeting the world's energy needs after sanctions are fully lifted, said Sartori.

The analyst believes that Iran will develop its LNG industry along similar lines as neighboring Qatar, currently the biggest LNG producer in the world, since the technology to ship the gas represents a better option for countries in their position than constructing a long pipeline across the region.

Iran's entry into the energy market will naturally be accompanied by greater political influence in the Middle East region and the Gulf in particular, said the expert.

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