Iran sanctions boost European gas prices, stall LNG push

摘要

London-The re-imposition of US economic sanctions against Iran has already had a bullish impact on oil prices, with Brent rising to a 3.5- year high above $77/b early Wednesday, a move that is having a knock-on effect on European spot gas and LNG pricing. While Iran does not supply gas to Europe -it only exports small volumes to Turkey, Iraq and Turkmenistan -the worsening political sentiment following the move by US President Donald Trump to scrap the Iran nuclear deal is permeating the European gas sphere.