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    Home > Finance > Russia, Iran discussing supply of Russian gas, Putin says
    Finance

    Russia, Iran discussing supply of Russian gas, Putin says

    Published by Global Banking & Finance Review®

    Posted on January 17, 2025

    1 min read

    Last updated: January 27, 2026

    Russian President Vladimir Putin announces discussions on gas supply to Iran, aiming for 55 billion cubic meters annually. This image captures a moment from the joint press conference, highlighting the evolving energy partnerships in finance.
    Russian President Putin discusses gas supply with Iranian counterpart - Global Banking & Finance Review
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    Quick Summary

    Russia and Iran are negotiating a gas supply deal, potentially reaching 55 billion cubic meters annually, as Russia seeks new markets post-Ukraine conflict.

    Russia and Iran in Talks Over Russian Gas Supply Deal

    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)

    Key Takeaways

    • •Russia and Iran are discussing a gas supply agreement.
    • •Potential supply could reach 55 billion cubic meters per year.
    • •Initial supplies may start with up to 2 billion cubic meters.
    • •Russia seeks new markets after losing European dominance.
    • •Technical issues need addressing before implementation.

    Frequently Asked Questions about Russia, Iran discussing supply of Russian gas, Putin says

    1What is the main topic?

    The main topic is the discussion between Russia and Iran regarding a potential gas supply agreement.

    2What is the potential gas supply volume?

    The potential gas supply could reach up to 55 billion cubic meters per year.

    3Why is Russia seeking new gas markets?

    Russia is seeking new markets due to losing its dominance in the European market following the Ukraine conflict.

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