OMM Newsroom
Iranian President Masoud Pezeshkian on Tuesday urged major global energy suppliers to condemn and “effectively counter” US measures that he said threaten the stability of international energy markets.
Speaking at the 8th summit of the Gas Exporting Countries Forum (GECF) in Moscow, Pezeshkian said geopolitical developments and unilateral measures were creating challenges for global energy security, Anadolu Agency reported.
He said unilateral US sanctions on Iran, along with restrictions affecting maritime and air access, could have broader consequences for energy markets. Major suppliers should oppose measures that threaten market stability, he added.
Pezeshkian also said US military involvement in the Gulf region could affect energy prices, supply and transportation, with consequences extending beyond the region.
Referring to the ongoing military conflict with the US, he said damage to energy facilities and disruptions to energy transportation could affect global energy security and the wider economy.
He called for greater cooperation among GECF members to reduce market vulnerabilities and strengthen the security of energy supply and demand. He also highlighted cooperation in energy governance, technical and engineering activities, technology development and market management.
“Iran is seeking to expand joint investment across the natural gas value chain, improve efficiency and increase regional and international gas trade,” Pezeshkian said.
He said Iran has annual natural gas production capacity of around 280 billion cubic meters and is prepared to take a larger role in joint investment projects, gas trade and efforts to strengthen global energy security. Tehran was also ready to expand cooperation with foreign investors in upstream and downstream gas projects, he said.
The GECF brings together major gas-producing countries and provides a platform for cooperation on developments in global natural gas markets.
Pezeshkian is scheduled to meet Russian President Vladimir Putin in Moscow this week.
