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Finance

Posted By Global Banking and Finance Review

Posted on January 17, 2025

Russia, Iran discussing supply of Russian gas, Putin says

MOSCOW (Reuters) - Russia and Iran are discussing the supply of Russian gas, Russian President Vladimir Putin said on Friday at a joint press conference with his Iranian counterpart Masoud Pezeshkian.

Putin said that if the project is implemented, gas supplies to Iran could eventually reach 55 billion cubic meters per year, but it would need to start with small volumes of up to 2 billion bcm.

Russia is seeking new buyers for its gas after losing its dominance of the European market as a consequence of the war in Ukraine.

Pezeshkian said that both sides need to address certain technical issues at the moment.

(Reporting by Vladimir Soldatkin; Editing by Mark Trevelyan; Writing by Maxim Rodionov)

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