Gas

A senior Iranian official in petroleum refining affairs said converting petro guzzlers into CNG-run vehicles could generate 1.8 billion dollars in revenues for Iran annually.

The remaining platforms of phases 13. 14 and 22-24 of the giant offshore South Pars gas field are set to become operational by the end of the current calendar year.

A massive gas project worth $1.5 billion is underway in Southeastern Iran where the country’s oil ministry is conducting a major pipe laying operation to supply the deprived and remote regions bordering Pakistan with natural gas.

Europe is Russia'.s main customer for natural gas and critics fear the pipeline.

The new agreement doesn'.t include direct supplies of Russian gas to Ukraine.

Russia will continue to implement its economic projects despite sanctions. the Russian Foreign Ministry said in a statement regarding US sanctions against the Nord Stream 2 and TurkStream gas pipelines.

The EU Commission and the German government have condemned the United States for imposing sanctions on companies working on a major project to supply Western Europe with Russian gas.

The German government rejects such extraterritorial sanctions.

US lawmakers fear the pipeline. which is 80 percent finished. would bring Russia billions of dollars and increase Russian influence in Europe.

Gas relations with Ukraine is a challenging and sensitive topic.