Monday, March 17, 2008

Swiss Sign Billion-Dollar Gas Deal with Iran

Swiss energy trading company EGL said today it signed a multi-billion dollar contract to buy natural gas from Iran over the next 25 years.

Iran’s state-owned National Iranian Gas Export Company will supply EGL with up to 5.5 billion cubic meters of gas a year, which the Swiss company will then sell on to European customers.

1 comment:

Anonymous said...

WTF ???? Just who is the United States to be "approving" trade deals between Switzerland and Iran ??!!

This perfectly illustrates the arrogance and israeli-style meddling nature of America that I mentioned earlier. When the United States "leadership" decides to fix the problems in its own house (self-sufficiency in transportation fuel, self-sufficiency in energy and fresh water production just to name three extremely serious weaknesses in the USA economy) and get its nose out of other peoples' business there will be much more likelihood of peace on earth.

US launches legal review of Swiss-Iran gas deal

Wed, 19 Mar 2008

The United States on Wednesday warned that it was launching a legal review of a gas deal signed earlier this week between Iran and Switzerland to see whether it violates terms of US sanctions.

"We don't think that now is the time for people to be investing in Iran, not only in its petroleum or natural gas area, but in any sector of its economy," said State Department spokesman Tom Casey.

"Certainly, in terms of US domestic law and policy, there are implications or potential implications for any kind of arrangement of this sort in terms of the Iran Sanctions Act," he said.