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Article: Which way for Iranian gas? With global demand for gas increasing, Iran--home of the World's second largest reserves--is poised to become an important provider.(Business & Finance)
- Article from:
- The Middle East
- Article date:
- April 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With the world's second biggest gas reserves, Iran has long threatened to become a major player in the international gas market. Global demand is rising relentlessly and the country is well placed to supply markets in East Asia and the European Union (EU). However, a combination of regional geopolitical problems and domestic affairs has slowed the development of the sector.
Iran's internal struggle over economic reform and liberalisation has prevented the introduction of changes to the constitution and the investment environment that would allow private companies to play a large role in developing Iran's gas resources. The state owned National Iranian Oil Company ...