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Iran ready to sell gas to Europe-Ahmadinejad
November 19, 2010 12:01 by Reuters
Iran is ready to sell its gas to Europe, Iranian President Mahmoud Ahmadinejad said on Thursday, raising the prospect of one day supplying gas via the European Union-backed Nabucco pipeline project.
“Europe needs Iranian gas and we are ready to sell gas to them at an acceptable price if they want,” Ahmadinejad told a news conference in Baku during his visit to Azerbaijan.
Iran is facing tighter sanctions imposed in June by the United Nations, United States and European Union over its nuclear programme, which the West believes is aimed at developing a nuclear weapons.
The 7.9 billion euro ($11 billion) Nabucco pipeline is part of the EU’s effort to diversify its natural gas supplies by bringing up to 31 billion cubic metres of gas annually from the Caspian region to an Austrian hub via Turkey and the Balkans.
(Reporting by Afet Mehtiyeva; writing by Margarita Antidze in Tbilisi; editing by Jessica Bachman)