Iran is endowed with the second largest natural gas<br>reserves of the world and will be one of the main<br>exporters of natural gas to the global markets in the near<br>furture. Iran is located strategically in the vicinity of<br>Persian Gulf and Hormuz Strait and has the potential to<br>export large quantities of natural gas both to European<br>markets in the West, and growing energy markets of<br>Southeast Asia and beyond. Potential customers for<br>Iranian natural gas exports include: Ukraine, Armenia,<br>Azerbaijan, Georgia, Austria, Italy, Kuwait, Pakistan,<br>India, Taiwan, South Korea, and China. European<br>countries as well as India and China will become even<br>more dependent on natural gas in the coming decades,<br>and Iran will be the next natural gas provider after<br>Russia.


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