Wednesday, November 28, 2007

Iran May Seek to Lure Europe with Gas

From Der Spiegel:

Iran wants to use its massive gas reserves to wield influence over Europe. But if offering to supply Europe with gas via a pipeline through Turkey doesn't work, then the Revolutionary Guards may resort to plan B.

Iran is planning to leverage its massive gas reserves to increase its influence in Western Europe -- by fair means or foul. If selling gas to Europe doesn't work, then Iran's Revolutionary Guards may resort to violence in the worst-case scenario.

According to intelligence sources in the Middle East, Iranian leaders are considering making an unusual offer to supply Europe with large quantities of natural gas. The gas would be supplied via the planned Nabucco pipeline, which will run from Azerbaijan to Austria via Turkey.

The offer would be attractive to European leaders as it would allow Europe to reduce its dependence on Russian natural gas. Germany currently gets about a third of its natural gas requirements from Russia, and demand is expected to increase in the coming years. There are major concerns in Europe about the continent relying too heavily on Russia for its natural gas, particularly after a series of recent disputes in which Russia cut off energy supplies to Ukraine and Belarus.

According to minutes of a meeting obtained by SPIEGEL, a representative of Iran's Revolutionary Guard presented the proposal to Iran's National Security Council. The order to prepare the plan apparently came directly from Iran's supreme leader, Ayatollah Ali Khamenei, according to the intelligence sources....MORE