With UN sanctions restricting Iran's ability to do business expected to be lifted very soon, there could also be a boom of LNG deliveries to Europe through the next five to 10 years, according to the country's Deputy Oil Minister. However, Iran is not yet planning to build a pipeline to Europe, as currently the Asian market is more attractive. According to the current situation on the energy market, the prices in Europe are quite lower than Asia, due to the increased competition.
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