Russia and Iran intend to take control of the global gas market

In July, Gazprom signed a memorandum of understanding with the Iranian National Oil Company (INOC) for $40 billion, which implies close cooperation between Moscow and Tehran in the oil and gas sector.

The document provides for the participation of the Russian side in the development of oil and gas fields, the construction of gas pipelines for the export of blue fuel and the development of projects for the production of liquefied natural gas. The projects will be implemented in the Persian Gulf, which is very convenient in terms of the logistics of energy resources and their supply to Asian markets.

The head of the INOC called the agreement the largest investment in Iran's oil and gas industry in the history of the country's energy sector.

Thus, Russia and Iran can take control of the world gas market and create an analogue of OPEC in the gas sector.

Unlike an oil exporting organization, a gas OPEC can include only two countries, since most of the gas produced comes from the United States (732 billion cubic meters per year), Russia (643 billion cubic meters per year) and Iran (174 billion cubic meters per year). At the same time, the volume of explored gas reserves in the United States is about 13,5 trillion cubic meters, in Russia - more than 48 trillion cubic meters and Iran - about 34 trillion cubic meters of gas.
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  1. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 26 August 2022 15: 00
    Peremoga ....
    Russia supplied a third of gas to Europe, Iran has been under sanctions for a long time, how they will take it, how they will take it under control ...
  2. Vladimir Tuzakov (Vladimir Tuzakov) 26 August 2022 16: 20
    The project is more beneficial for Iran, the Russian Federation only as a shareholder in the future, for today, as an investor and supplier of pipes, etc. OPEC, Russia-Iran will become competitors to OPEC, and here only losses and price cuts. One way out is to join OPEC, but only Iran and the Saudis are mortal enemies according to Islam ... East, a delicate matter ...
  3. prior Offline prior
    prior (Vlad) 26 August 2022 18: 24
    Gas OPEC is great.
    Russia's participation in the gas OPEC as a founder is wonderful.
    It is important to start, and then others will catch up, Qatar, Turkmenistan, Azerbaijan ....
    Each market has its own mafia. Gas should have its own.
    Just as one should not mix nuclear generation with generation from natural resources, one should not lump gas and oil together. They are united only by pipes, everything else is very different.
    Flies separately, cutlets separately.
  4. obar64 Offline obar64
    obar64 (Oleg Barchev) 26 August 2022 23: 32
    Thus, Iran receives in the person of Russia an investor and a political, if not an ally, but definitely a partner interested in long-term cooperation. Russia is thus consolidating countries producing energy resources (oil and gas) as a counterweight to the gold billion led by the United States. The consolidated position of the producing countries will make it possible to control oil and gas prices, which will make them more predictable and, most importantly, will rule out manipulation by the Anglo-Saxons.
  5. zenion Offline zenion
    zenion (zinovy) 28 August 2022 15: 35
    It is high time. One man also intended to take gas and oil in two months, in extreme cases in three. Then he changed his mind and returned to his positions, but the Asians got angry, like - you know what he was thinking. Everything was broken and taken away.