Gas

Iran. as the largest natural gas reserves holder in the world. has a high capacity for natural gas production and exports.

Gas is a fossil fuel that contributes to global warming. but it is often framed by industry as a ".bridge fuel". that will be needed longer than coal and oil.

Azerbaijan has put forward an initiative to implement the project of the Southern Gas Corridor.

The surge in demand is luring spot cargoes from places such as Norway and Nigeria that are not traditional LNG sources for China.

Japan. far from losing its LNG leadership. is positioning itself to supply cargoes to new markets around the world.

Very few new LNG projects are expected to come in the earlier part of the next decade.

Iran’s gas is supplied to Turkey through Bazargan border terminal.

The meeting also focused on the Nord Stream 2 project.

Egypt and Cyprus have in the last three years aimed at forging closer ties as part of a relationship built largely on energy cooperation.

Iran has inked two separate contracts to export the product to Iraqi cities of Basra and Baghdad.