Financial Times FT.com

Iran-Europe gas deals alarm US

By Daniel Dombey in Washington, Anna Fifield in Tehran,and Haig Simonian in Zurich

Published: May 1 2008 03:00 | Last updated: May 1 2008 03:00

The US and its allies are worried that the sanctions regime against Tehran is under threat from a possible new wave of European investment in Iran's strategically important gas sector.

Tehran has already concluded gas deals with Chinese and Malaysian companies - ending a protracted lull in investment in its energy sector - and has alarmed Washington by reaching an agreement with a Swiss group.

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