The UAE’s Crescent Petroleum is willing to renegotiate prices to save a politically sensitive deal to import Iranian gas, Iranian Oil Minister Kazem Vaziri-Hamaneh said.

The original deal was for Iran to supply gas from the Salman field in the Gulf to Crescent. Crescent is a shareholder in Dana Gas, which sells gas to utilities and other industrial users.
The deal has become highly politically contentious in Iran with many prominent politicians saying Iran will lose out severely because gas prices have risen sharply since the contract was agreed.
“We will not export any gas unless a fair price that guarantees Iran’s interests is established,” Vaziri-Hamaneh was quoted as saying by the Isna students news agency.
“Crescent has said it is ready to renegotiate prices,” he added.
Mohammadreza Rahimi, head of Iran's audit organisation, told Iranian media last month that the deal had pencilled in a price of $17.50 for every 1,000 cubic metres of gas whereas the current market rate should be nearer $65.
Crescent issued a statement disputing these prices, without giving figures.
Iran has been slow in developing its natrual gas reserves for export.