Published by Global Banking & Finance Review®
Posted on January 17, 2025
1 min readLast updated: January 27, 2026
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Russia and Iran are negotiating a gas supply deal, potentially reaching 55 billion cubic meters annually, as Russia seeks new markets post-Ukraine conflict.
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)
The main topic is the discussion between Russia and Iran regarding a potential gas supply agreement.
The potential gas supply could reach up to 55 billion cubic meters per year.
Russia is seeking new markets due to losing its dominance in the European market following the Ukraine conflict.
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