Swiss company signs billion-dollar gas deal with Iran
By JERUSALEM POST STAFF
Swiss energy trading company EGL said Monday it signed a multibillion dollar contract to buy natural gas from Iran over the next 25 years.
The US immediately criticized the agreement as "sending the wrong message."
Under the deal, the state-owned National Iranian Gas Export Company will supply EGL with up to 5.5 billion cubic meters of gas a year, which the Swiss company will then sell on to European customers.
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