Swiss company signs billion-dollar gas deal with Iran

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.