MNA reported that Iran is the safest source for supplying Europe with gas.

Mr Thomas McCulloch director of Austrian oil and gas giant OMV said that Iran has the world’s second largest natural gas reserves and it is not a correct decision to omit the country from Nabucco project.

Mr McCulloch previously had expressed that his country is interested in joining Iran oil and gas ventures. He had also claimed that his company’s presence in Iran in the past proves that they are not concerned about the West’s sanctions imposed on Iran and envisaged a bright future in cooperation with the Islamic Republic.

The Nabucco pipeline is a proposed natural gas pipeline from Erzurum in Turkey to Baumgarten an der March in Austria diversifying natural gas suppliers and delivery routes for Europe. The pipeline attempts to lessen European dependence on Russian energy. The project is backed by several European Union states and the United States and is seen as rival to the Gazprom led South Stream pipeline project.

(Sourced from MNA)