Mon 30 Dec 2024 | 30 December 2024

Iran ready to become energy hub

Iranian President Ebrahim Raeisi said Iran is ready to turn into an energy hub in the region and become a safe route for distribution and transit of gas between producers and consumer markets.

President Raeisi made the remarks at the 7th Gas Exporting Countries Forum (GECF) Summit of Heads of State and Government in Algeria on Saturday, Iran"s SHANA news agency reported.

The president added, "Relying on its huge natural reserves, transit situation, and advanced technology, Iran intends to play a role matching its advantages in the gas market through promoting bilateral and multilateral cooperation with all countries.

"Our regional strategy is to increase gas production and export and supply this clean and value-creating energy to regional peoples as much as possible," he underlined.

Given its great capacities, Iran"s gas industry has prepared a suitable ground in its upstream and downstream sectors for the GECF member states" cooperation, said Raeisi, inviting foreign investors and the GECF member states to participate in his country"s energy projects, including natural gas projects.

Raeisi extended Iran"s invitation to the GECF member states to begin their systematic cooperation for joint investment in the gas industry and exchange of information and experiences in the fields of extraction, processing, transmission, and trade and related technologies.

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