Even after sanctions are lifted, Iran will need to find an ocean of investment -- at least $180 billion -- to upgrade its energy infrastructure and be able to start exporting natural gas to Europe, in competition with Gazprom.
So Iran's privileged Pipelineistan play for the near future will be Asia -- from Southwest Asia (Iraq and Oman) to South Asia (Pakistan). With China ready to instantly capitalize on every surge of Iran's natural gas production.
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