Iran, Russia Sign Major Gas Cooperation MoU

Iran and Russia have signed a memorandum of understanding (MoU) on the potential transfer of Russian natural gas to Iran, which is expected to serve the interests of the entire region.

Iran (IMNA) - The MoU was signed between the National Iranian Gas Company (NIGC) and Russian energy giant Gazprom in Tehran in the presence of Iran's Interim President Mohammad Mokhber and Gazprom's CEO Alexei Miller.

Mokhber stated that the implementation of this plan would provide economic benefits not only for Iran and Russia but also for the entire region. He added that Iran would turn into a regional "gas hub" and "a new chapter" would be opened in the region and international relations.

Under the agreement, Iran would start purchasing gas from Russia and then export it to Iraq, Türkiye, and Pakistan at a higher price[4]. Iranian Oil Minister Javad Owji said the signing of the MoU would lead to "effective and good developments" regarding the energy balance in the region.

Mokhber described the bilateral ties between Iran and Russia as unchangeable and expressed hope that the two sides' efforts at enhancing regional stability would yield favorable results[3]. Russian President Vladimir Putin commended the Iranian government's efforts at expanding and implementing bilateral agreements.

News ID 766705


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