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Analysis: Iran and China team up for gas

Posted by Matt in February 6th, 2007

CAIRO — Amid ever-increasing US-Iran tensions, a recent $3.6 billion gas deal between China and Iran not only reflects Beijing’s need for energy and Tehran’s need to develop its gas sector, but also a desire by both countries to shrug off American pressure.

The recent deal for the China National Petroleum Corporation, to develop part of the Iranian offshore South Pars gas field, is not the first between the two countries, but it comes at a time when the US is becoming increasingly aggressive with Iran, and soon after Beijing publicly requested that Washington not interfere in its dealings with Tehran.

A $16 billion agreement in December for Chinese development of the 48 trillion cubic foot North Pars gas field immediately attracted US criticism.

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