Iran pitches huge gas reserves for Asia markets
Iran is pitching its massive gas sector for trade with Asia where it sees a better market for exports than Europe. “Gas prices are more attractive in East Asia than in Europe,” Deputy Petroleum Minister for trade and international affairs Amir-Hossein Zamaninia has said. In August, Japan sent its State Minister of Economy, Trade and Industry Daishiro Yamagiwa to Tehran with executives from major trading houses such as Mitsubishi Corp., Mitsui & Co. and Itochu, as well as plant-engineering giant JGC and major banks. Yoichi Yamamoto, adviser in charge of the Middle East at the Japan External Trade Organization in Tokyo, says petrochemical products, rather than natural gas itself, might be more attractive for Japanese companies for now.
