Iran has the second-largest natural gas reserves in the world, but there is a structural gas supply gap of 200-300 million cubic meters per day during peak demand periods. Iran hopes to use imported natural gas to make up for the shortfall in supply in the northern region, and is expected to expand its natural gas exports to Iraq, Turkey, Armenia, Pakistan, and Oman. This move will further deepen the interdependence between Russia and Iran, even though the two countries still have a competitive relationship in the regional gas market.

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