Amid the European Union’s increasing efforts to diversify its natural gas supplies, Iran has emerged as a potential supplier to the bloc following the conclusion of its nuclear accord. Iran has enormous natural gas reserves; more, in fact, than Russia or Qatar. These reserves remain underdeveloped due to suffocating sanctions that hindered the inflow of the necessary foreign capital and investment. While the nuclear accord and sanctions relief removes many of the obstacles that Iran has faced over the course of the last decade, Iran faces significant challenges on the road to becoming a world-class gas exporter.
Tamer Badawi , Research Fellow, Al Sharq Forum