Publication

This paper discusses how access to Iran's vast oil and gas reserves resulting from the removal of international sanctions on the country will alter the energy architecture in Eurasia. In particular, the author examines how this change is likely to affect 1) the Iranian energy market; 2) energy relations and cooperation between Iran, Azerbaijan and Turkey; 3) Russia's dominant position as an energy producer; 4) China's energy relations with Iran; and 5) the Indian-Iranian energy relationship. A key argument of the author is that the Euro-Atlantic community has an opportunity in a post-sanctions environment to increase the EU’s natural gas supply security and to stabilize the EU’s Eastern neighborhood. He also argues that this could serve to constrain Russian strategic ambitions and incentivize Russia to arrive at a fair pricing scheme with its EU customers.