Insight
Russia-Iran gas partnership: strategic shift or symbolic move?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Russia and Iran have signed a major gas supply agreement, signalling a potential realignment in regional energy flows. This analysis explores the details of the deal, which aims to scale up to 55 bcma. We examine the strategic motivations behind the partnership, highlighting how it addresses both countries’ evolving energy needs and market constraints. The report assesses the infrastructure required to support the deal, including current pipeline capacity and prospects for new developments. We provide an overview of the ongoing price negotiations and outline our assumptions for future gas prices. Finally, we explore the broader geopolitical consequences, including the potential impact on Azerbaijan’s role as a transit country and how the deal could expand Russia’s access to new gas markets.
Table of contents
- Executive summary
- Deal description
- Redirecting Russian gas south: infrastructure, cost and pricing
- Iran gas crisis: surging demand, shrinking exports, and reinjection strain
- Russia’s gas surplus: stranded volumes in search of new markets
- Track record of Russia–Iran cooperation in the energy sector
Tables and charts
This report includes the following images and tables:
- Gas export route
- Gas prices assumption for Iran and Russia
- Iran’s unconstrained gas supply-demand model
- Russia pipeline export routes
- Western Siberia giant gas fields production
What's included
This report contains:
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