Friday, March 21, 2008

Switzerland to sign huge Iran gas deal

Swiss energy giant EGL is set to sign a 25-year deal in Teheran on Monday to buy 5.5 billion cubic meters of Iranian natural gas per year, starting in 2011, for a reported €18 billion. The contract will be the second largest European gas deal, although EGL spokesman Bogdan Preda told The Jerusalem Post, "We are not releasing the value of the deal."

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