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Russia, Iran and Azerbaijan to create new Gas Cartel

Russian President Vladimir Putin said at the opening of the tripartite Russia-Iran-Azerbaijan summit in Baku that Russia and Iran already develop gas fields in the Azerbaijani sector of the Caspian Sea (Shah Deniz), while Azerbaijan is building a gas pipeline to Europe (TANAP).

In response to a question from, Ruslan Tankayev, correspondent member of the Committee on Energy Strategy and Energy Development at the Chamber of Commerce of Russia, said:

Neither Iran nor Russia need competitors on the European market. Therefore, the two countries are opposed to the construction of the gas pipeline on the bottom of the Caspian Sea to Turkmenistan. Iran has been improving its positions on the European market and has become a competitor to Russia.

“However, the situation in Iran remains unstable, the country has many problems to deal with in its relations with Iraq and Syria, so Iran will not be able to build a large-scale network of gas pipelines to Europe.