Europe and Iran – a Budding Love Story?

By Catherine Kent

Reuters reports that Iran has caught the European Union’s eye as a potential gas-supplying suitor. Iran has the world’s second largest gas reserve, and could reduce the Europe’s reliance on Russia (prior to the recent sanctions, Russia supplied one third ($80 billion a year) of Europe’s natural gas). Once a pipeline is built, the only thing standing in the way of this EU-Iran relationship is the existing sanctions on Iran.