"But when and if we do produce enough gas it will be economic(ally) feasible that will show us which side to go. At this time, the price of gas in Europe is much less than the price of gas in East Asia. It does not make sense for Iran to think of supplying gas to Europe through a pipeline, but LNG may be a different matter, in 5-6-10 years," Zamaninia told reporters in English.
Tehran has repeatedly stated that it would participate in regional and international gas projects when the sanctions related to its nuclear program were lifted.
According to Fitch Rating Agency’s recent forecasts, Iran has the potential to become one of the world's largest gas exporters, with some 18 percent of world gas reserves, but it will take the country at least five years to increase production and build the necessary infrastructure.