Reuters
MOSCOW (Reuters) -Russia may supply up to 55 billion cubic metres (bcm) of gas per year to Iran, Russian President Vladimir Putin said on Friday, as Moscow diversifies its gas flows after a dramatic fall in exports to Europe. Since its full-scale invasion of Ukraine in 2022, Russia has lost its dominance of the European gas market, once a key source of revenue for Kremlin-controlled Gazprom. Putin, speaking at a joint press conference with his Iranian counterpart Masoud Pezeshkian, said Russia's gas supplies to Iran could eventually reach 55 bcm per year, but it would need to start with small volumes of up to 2 bcm.