Barter is the present and the future of international trade, especially for people who is starting in the import export business. Barter and more: Triangular operations.
Iran plans to export the country’s natural gas via a sub-sea pipeline at the bottom of the Sea of Oman to India in order to meet the huge demand for energy of India.
That will be a multi-billion-dollar project about $4-5 billion.
“Europe, India, China and the Persian Gulf (littoral states) are Iran’s target markets for the exports of gas,” Managing Director of National Iranian Gas Export Company (NIGEC) Azizollah Ramezani has said recently.
At first, India was supposed to import gas from Iran via a land pipeline through Pakistan, but security concerns in Pakistani territory stopped the project.
Iran exports natural gas to Turkey, Armenia, and Azerbaijan, and to Pakistan in this 2014 and receives pipeline imports from Turkmenistan and the Republic of Azerbaijan.
Since 2000, Iran is a net importer of natural gas despite being the second to no country in terms of gas reserves.
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