Russia and Iran Sign a Memorandum for Gas Supplies

Gazprom pipelines. Photo: X/ @brennende_frage

June 26, 2024 Hour: 9:42 am

So far this year, Gazprom senior executives have made two visits to Teheran.

On Wednesday, the Russian company Gazprom and the National Iranian Gas Company (NIGC) signed a memorandum to ensure the supply of Russian gas to the Persian nation.

“We have signed a strategic memorandum to study the preparations for the supply of Russian gas to Iran,” the Russian company reported.

The memorandum was signed during the visit to the Islamic Republic by a delegation led by Gazprom President Alexei Miller, who met with Iran’s acting Prime Minister, Mohammad Mokhber.

The signing parties emphasized that the memorandum opens the doors to “mutually beneficial long-term cooperation.”

Special representative of the President of the Russian Federation and the head of #Gazprom met with the Acting President of #Iran on the sidelines of the signing of the memorandum of understanding on the transfer of natural gas from #Russia to Iran pic.twitter.com/SxUonwIHSt
— SNN (@snntv_en) June 26, 2024

Miller also met with Iran’s Oil Minister Javad Oji, with whom he discussed the necessary steps to implement the memorandum and other aspects of energy cooperation between the two countries.

So far this year, the senior executives of the Russian company have made two visits to Iran, where Gazprom has a representative office.

As a result of U.S. sanctions, Moscow and Tehran have strengthened their ties in recent years. Russia seeks to help Iran break the U.S. blockade by joining international organizations such as BRICS or the Shanghai Cooperation Organization.

With the start of Russian gas supplies to Iran, Russia would acquire a new market that will allow it to mitigate the effects of the sanctions imposed by the U.S. and its allies following the start of the special military operation in Ukraine.