Russian Prime Minister Mikhail Mishustin flew to Iran Sept. 30 to meet with Iranian President Masoud Pezeshkian, where they worked to bring to a more finished form, the 30-year deal, first signed in June, between the National Iranian Gas Co. (NIGC) and Gazprom, which will bring Russian gas to Iran as part of a swap deal. Under this agreement, Iran will receive 300 million cubic meters of Russian gas per day through a new pipeline that Moscow plans to build under the Caspian Sea.
Iran has 29.6 trillion cubic meters of proven gas reserves, accounting for 16% of the world’s total reserves; but the United States and EU’s sanctions against Iran have significantly impaired its ability to invest in further production capabilities. Iran and Russia also have a strategic relationship. Likely, they covered strategic matters now unfolding in Southwest Asia.
