Comment by Seyed Abbas Argachi, Foreign Minister in the Russian newspaper Yeda/1 Energy security is now the biggest challenge in the world, along with food security, and these two challenges are a direct result of the coercive and bullying actions of the United States of America in our region. According to the estimate of the International Energy Agency, in 2025 more than 112 billion cubic meters of liquefied natural gas passed through the Strait of Hormuz, equal to almost a fifth of its world trade. However, the recent military aggression by America and Israel against the Islamic Republic of Iran and their continued military threats caused the closure of the Strait of Hormuz and the disruption of gas supplies in the world and especially in Asia. The price of gas in Europe has risen sharply, while the level of winter evening reserves is still much lower than last year. A similar situation in other parts of the world, especially that 90% of transit gas from the Strait of Hormuz is consumed in Asian markets. This shows that every disruption and conflict has consequences far beyond our region and affects energy security, market stability and the economic interests of producers and consumers around the world. Look at the current protests in European countries and the inflation and soaring fuel prices in Europe and America. The lesson from this adventure is clear: producers must strengthen dialogue, diversify supply routes, protect critical infrastructure and create practical mechanisms to mitigate the impact of geopolitical shocks on global energy markets. This is what the medical president is going to do this week in Moscow together with his colleagues from 11 gas producing countries in the world. According to the document Global Gas Outlook for 2055 prepared by the Assembly of Gas Exporting Countries, it is expected that by 2055, 86% of global gas production will come from fields that are not yielding today, and Iran is one of these areas, ranking second in the world after Russia in terms of proven natural gas reserves. This shows that gas security as one of the main pillars of sustainable growth, energy security and international cooperation in the future will depend on continued exploration, development of new projects and successful conversion of resources to supply.

Comment by Seyed Abbas Argachi, Foreign Minister in the Russian newspaper Yeda/1 Energy security is now the biggest challenge in the world, along with food security, and these two challenges are a direct result of the coercive and bullying actions of the United States of America in our region. According to the estimate of the International Energy Agency, in 2025 more than 112 billion cubic meters of liquefied natural gas passed through the Strait of Hormuz, equal to almost a fifth of its world trade. However, the recent military aggression by America and Israel against the Islamic Republic of Iran and their continued military threats caused the closure of the Strait of Hormuz and the disruption of gas supplies in the world and especially in Asia. The price of gas in Europe has risen sharply, while the level of winter evening reserves is still much lower than last year. A similar situation in other parts of the world, especially that 90% of transit gas from the Strait of Hormuz is consumed in Asian markets. This shows that every disruption and conflict has consequences far beyond our region and affects energy security, market stability and the economic interests of producers and consumers around the world. Look at the current protests in European countries and the inflation and soaring fuel prices in Europe and America. The lesson from this adventure is clear: producers must strengthen dialogue, diversify supply routes, protect critical infrastructure and create practical mechanisms to mitigate the impact of geopolitical shocks on global energy markets. This is what the medical president is going to do this week in Moscow together with his colleagues from 11 gas producing countries in the world. According to the document Global Gas Outlook for 2055 prepared by the Assembly of Gas Exporting Countries, it is expected that by 2055, 86% of global gas production will come from fields that are not yielding today, and Iran is one of these areas, ranking second in the world after Russia in terms of proven natural gas reserves. This shows that gas security as one of the main pillars of sustainable growth, energy security and international cooperation in the future will depend on continued exploration, development of new projects and successful conversion of resources to supply.