Russian energy giant Gazprom has signed a memorandum with the National Iranian Gas Company (NIGC) to supply Russian pipeline gas to Iran. The memorandum was signed during a visit by Gazprom's head to Iran, in the presence of Iran's interim president Mohammad Mokhber. This move signifies Gazprom's interest in tapping into Iran's vast natural gas reserves, as the country holds the world's second-largest gas reserves after Russia.
Due to U.S. sanctions, Iran has faced challenges in accessing technology and developing its gas exports. This collaboration with Gazprom could potentially help Iran overcome some of these obstacles and boost its gas industry.
