Thursday

23rd May 2019

EU to be more dependent on Iranian gas

The International Energy Agency (IEA) has predicted that the Islamic Republic of Iran will be a major gas supplier to the EU in the future. Fatih Birol, IEA's chief economist, in a press conference in Brussels on Wednesday said Iran has one of the biggest gas reserves in the world, the Tehran Times reported.

Production of oil and gas will in general be increasingly concentrated in a few states - OPEC members, especially in the Middle East and Russia. Russia and Iran together possess 52 percent of the world's gas reserves, Birol said while presenting the IEA's 'World Energy Outlook 2002' to the press.

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The study forecasts that net imports of gas in the EU will expand from the current 44 percent to 81 percent of total gas supply in 2030 while the share of net imports in the EU's oil supply will climb from 73 percent in 2000 to 93 percent in 2030.

The energy expert said that an existing gas pipeline between Iran and Turkey could be extended to Europe and added discussions are going on in the European Commission to support the project.

The Paris-based IEA was established in 1974 and it has 26 members including all 15 EU states.

Analysis

EU should stop an insane US-Iran war

"If Iran wants to fight, that will be the official end of Iran. Never threaten the United States again!", US president Donald Trump tweeted on Monday (20 May).

EU urges US not to start war with Iran

Europe's top diplomats have said US actions risked triggering a conflict with Iran, as America makes plans to pour troops into Middle East in echoes of Iraq war.

EU-Sahel talks next week amid 'unprecedented attacks'

Officials from Burkina Faso, Chad, Mali, Mauritania and Niger are meeting EU foreign, defence, and development ministers next week in Brussels. The visit comes amid "unprecedented levels" of armed attacks, says the UN.

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Analysis

EU should stop an insane US-Iran war

"If Iran wants to fight, that will be the official end of Iran. Never threaten the United States again!", US president Donald Trump tweeted on Monday (20 May).

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