Iran to present plan to Switzerland for Europe gas exports

Iran’s media said on Sunday the country is reviving a plan to pipe natural gas to Switzerland and thereon across Europe.   

A package of proposals over the project will be presented to a high-profile Swiss trade delegation that will arrive in Tehran on Sunday, Fars news agency reported.

“Iran’s package of proposals focuses on the Swiss investment in the project to pipe gas to Switzerland,” an unidentified official has told Fars.

The official added that “the grounds appear to be ready” at the current juncture for signing a deal between Tehran and Bern over the proposed scheme.

“Iran negotiated with a Swiss team [over the project] last year. They welcomed the idea to import gas from Iran because they believe they cannot put all their eggs in Russia’s basket when it comes to satisfying their domestic energy needs.”

The Swiss energy group EGL announced in 2007 that it had completed a 25-year deal with Iran to deliver 5.5 billion cubic meters of gas per year to Europe. However, the scheme was abandoned due to US sanctions against Iran.

By Press TV