It is not to be denied that the world's second largest gas reserves are in Iran.

We do not envisage any difficulties because there are practically no spheres of activity where the two concerns overlap.

Western Europe is now competing with countries like China and India. Although their economic development is just taking off, are already showing a huge hunger for energy.

We're determined to make this acquisition happen and write a new chapter in the E.ON story.

Iran is the second-largest producer in OPEC and they do have particular sway within the organization. That creates jitters in Europe and the U.S.

India has large proven reserves of gas that remain unexploited.