Iran Needs a Cushion, and Europe Needs Gas
The Russian invasion of Ukraine has been a watershed moment on so many levels for so many countries. Existing political, economic, energy, and transportation channels are being affected across western Eurasia. Countries are maneuvering to minimize the war’s detrimental impact while new trade synergies are being formed at a rapid pace. Most recently, Germany and Qatar signed a long-term energy partnership for the delivery of Qatari natural gas as the Germans look to reduce dependence on Russian supplies. Qatar’s reserves are located in the world’s largest gas field, which it shares with its northern neighbor, Iran.