NIGC, Gazprom to sign MoU for gas cooperation

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On December 24, 2015, Posted by , In News, By , , With No Comments

Director of National Iranian Gas Company (NIGC) Hamid-Reza Araqi and Alexander Medvedev, Gazprom’s deputy chief executive, on Wednesday studied grounds for cooperation in the gas sector.

The two sides agreed to sign a memorandum of understanding for the purpose in 2016.
‘The world is in need of gas and Iran and Russia, using their rich capacity, can follow up common goals in the sector,’ said Araqi.
He said the NIGC has expertise in various fields, including laying gas pipelines, gas conservation, gas pressure stations and establishment of gas refineries, being ready for cooperation with Gazprom in the fields while benefiting from its experience in the areas.
Araqi said more than 3.3 million gas-fueled cars are in Iran and CNG can be one more area for cooperation between the two sides.
He continued that the NIGC and Gazprom enjoy valuable experience in gas and they can have cooperation in the sector.
Medvedev for his part said geographical proximity of Iran and Russia and their rich gas reserves as well as strong will of their political leaders serve as important reasons for mutual cooperation.
He said Iran decision’s to introduce new oil contracts model has helped Russia get a new definition of the projects in the field.

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