Could A Russia-Iran Gas Partnership Bear Fruit?

Nov. 29, 2022 7:30 AM ETOGZPY, DBE, JJE, JJETF, UNG, UNL, GAZ, UGAZF1 Comment
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Summary

  • Both Russia and Iran find themselves in a bitter confrontation with the West, and subject to more and more Western sanctions.
  • An active rapprochement between Moscow and Tehran is underway: not just in the military sphere, but in the energy sector too.
  • The two countries have signed a memorandum for $40 billion of Russian investment in Iranian gas projects and have already embarked on its implementation.
  • However, the implementation of these ambitious plans may be thwarted by sanctions and other obstacles.

Oil Refinery And Pipeline

imaginima

By Nikita Smagin

It might seem that for Iran, the West’s attempt to isolate Russia is a good opportunity to fill the resulting market gaps. In practice, however, it only creates new problems.

As 2022 draws to a

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The Carnegie Endowment for International Peace is a private, nonprofit organization dedicated to advancing cooperation between nations and promoting active international engagement by the United States. Founded in 1910, its work is nonpartisan and dedicated to achieving practical results. The Endowment—currently pioneering the first global think tank—has operations in China, the Middle East, Russia, Europe, and the United States. These five locations include the two centers of world governance and the three places whose political evolution and international policies will most determine the near-term possibilities for international peace and economic advance.

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