USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

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Swiss Energy Giant EGL Struck a Huge Deal with Iran

Swiss energy giant EGL is likely to sign a 25-year agreement with Iran

Swiss Energy Giant EGL Struck a Huge Deal with Iran

Swiss energy giant EGL is likely to sign a 25-year agreement with Iran to buy 5.5 billion cubic meters of Iranian natural gas per year.

Under the agreement, the gas deliveries will start in 2011, for a reported 18 billion euros.

The contract will be the second largest European gas deal, although its cost is not revealed by the Swiss company.

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