Russia 'took advantage' of Europe's energy issues says expert
We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info
According to the terms of the deal, the multi-trillion-dollar Chalous gas field will be carved up between Russian, Chinese and Iranian companies. Earlier this year, Iran’s Khazar Exploration and Production Company (KEPCO) said the field could hold about 3.5 trillion cubic meters of gas or a quarter of the 14.2 trillion cubic metres of gas found in the South Pars field in the Persian Gulf. However, financial institutions in Germany, Austria, and Italy are reportedly eyeing up potential investment in the project, which may indicate the field’s reserves are bigger than initially thought.
Join EDF and get up to £50 credit
Switch to EDF and get a £50 credit. Offer only available online via the link. Get the Best Price Direct Guaranteed. Choose to fix your prices for two or three years. Bundle your tariff with smart devices or boiler care.
This box contains affiliate links, we may receive a commission on any sales we generate from it. Learn more.
Source: Read Full Article