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Iran's Neighbors, Not Europe Priority Destination for Gas Exports – Minister

© AP Photo / Vahid SalemiThis picture taken on Wednesday, Jan. 22, 2014, shows a partially constructed gas refinery at the South Pars gas field on the northern coast of Persian Gulf in Asalouyeh, Iran
This picture taken on Wednesday, Jan. 22, 2014, shows a partially constructed gas refinery at the South Pars gas field on the northern coast of Persian Gulf in Asalouyeh, Iran - Sputnik International
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Iran considers India and its other neighbors as the main customers for its gas exports, while Europe’s markets are not among its top priorities, Iran’s Deputy Oil Minister for International Affairs Amir Hossein Zamaninia said Friday.

President of Russia Vladimir Putin, right, and President of the Islamic Republic of Iran Hassan Rouhani - Sputnik International
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MOSCOW (Sputnik) Iran has large gas supplies and it should have a long-term gas export program for Europe, but currently the European gas market is over-supplied, Zamaninia told the IRNA news agency.

Iran has been seeking to bolster its fossil fuel exports since the adoption of the Joint Comprehensive Plan of Action (JCPOA) on its nuclear program in 2015, and the removal of international sanctions.

Iran holds the world’s second-largest natural gas reserves after Russia, according to US Energy Information Administration data.

In July 2015, the world’s six major nations and Iran signed an agreement designed to eliminate most of its nuclear program. According to the deal, most sanctions against Iran would be gradually removed.

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