Fri 09 May 2025 | 08 May 2025

Co-op with Russia, Eurasia to accelerate Iran’s plans for becoming regional energy hub

Iran has launched negotiations and practical steps to connect to Russia’s gas resources as part of a broader strategy to transform the country into a regional energy hub, managing director of the National Iranian Gas Company (NIGC), Saeid Tavakoli said on Thursday.

Speaking on the sidelines of a meeting in Moscow between Iran’s Oil Minister Mohsen Paknejad and Russian Deputy Prime Minister Alexander Novak, Saeed Tavakkoli stressed that aligning with Russia and the Eurasian Economic Union (EAEU) is crucial to fulfilling the goals set under Iran’s Seventh Development Plan.

“According to the country’s top strategic documents, the National Iranian Gas Company is tasked with creating the conditions necessary to establish Iran as a regional energy hub,” Tavakkoli said. “One of the most important steps in this direction is strengthening cooperation with Russia, one of the world’s largest producers and holders of natural gas reserves.”

According to the report of the public relations of the NIGC, Tavakoli added that negotiations and necessary measures in this regard have already begun, with significant progress made under a previously signed memorandum of understanding with Russia.

“If the remaining issues are resolved, our country particularly in its northern regions, where gas production is lowest can connect to Russian gas resources and benefit from them,” he said.

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