Iran gas an option for Europe as Russia leaves energy gap

The 'strategic energy ellipse' contains the most intensive concentration of fossil fuels in the world
The 'strategic energy ellipse' contains the most intensive concentration of fossil fuels in the world

The strategic energy ellipse is one of the hottest geopolitical regions in the world - home to vast reserves of oil and gas and stretching from western Siberia to the Arabian Peninsula. Critically, Iran and Iraq are at its centre. As Russia eases out of the picture as the main provider of energy to Europe – several others are looking to take its place. The axing of Russia’s South Stream pipeline could see the start of significant geopolitical manouevering in the region.

THE so-called strategic energy ellipse which stretches from the Yamal Peninsula in Russia’s western Siberia to the Arabian Peninsula’s Strait of Hormuz is being viewed as an opportunity by regional powers.

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