Iran, EU to hold gas talks during WGC

Iran, EU to hold gas talks during WGC

HomeIranEnergy Mon Jun 1, 2015 6:41PM

A high-ranking energy delegation from Iran is to travel to Paris to take part in World Gas Conference.

The delegation is headed by Hamid Reza Araqi, Iran’s deputy petroleum minister and the managing director of the country’s national gas company, Mehr News Agency reported on Monday.

Gas exports from Iran to Europe is expected to top the agenda of talks to be held on the sidelines of the international conference which will be underway until June 5.

Last month, Araqi announced that talks over gas exports to Europe have already been held with some European countries and will continue in June.

Iran sits atop the world’s 4th largest oil reserves and the second largest gas reserves. Its energy sector has been subject to US-led sanctions over the country’s nuclear program over the past several years.

Iran and the P5+1 – the US, Britain, France, China, Russia and Germany – are engaged in intense negotiations to work out a comprehensive agreement aimed at ending the longstanding dispute over the Islamic Republic’s civilian nuclear work.

Iran and the P5+1 along with officials from the European Union reached a landmark framework agreement on Tehran’s nuclear program on April 2 in the Swiss lakeside city of Lausanne.

The two sides are set to start drafting a final accord, dubbed the Joint Comprehensive Plan of Action (JCPOA), which is expected to come until the end of June.

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