Former executive director of the International Energy Agency predicted Iran will become one of the leading powers in the world oil and gas market by 2040.
Speaking during a visit to Iranian Oil Ministry’s Institute of International Energy Studies (IIES) in Tehran on Monday, Nobuo Tanaka said, “We believe that Iran is the most important player in the world oil and gas market because of its exemplary geopolitical situation which is worth any kind of energy investments”, Shana reported.
“I hope the Strait of Hormuz is never blocked and the world is never deprived of Iran’s energy resources,” said Tanaka, who currently serves as executive director at the Sasakawa Peace Foundation.
He said Iran must set its post-sanctions priorities and create conditions for them, adding Japan, South Korea, Europe and China will be the world’s biggest oil and gas importers by 2040.
He also described natural gas as an influential energy resource in the future, and said its pricing mechanism must be set so it can become a suitable alternative for crude oil