Speaking to reporters at St. Petersburg International Economic Forum, organized by Russia as an alternative to Davos World Economic Forum, Taner Yildiz said that energy sanctions on Iran were not considered in a commercial point of view.
Yildiz said commercial point of view would require more supplier countries and more competition for energy supply to Europe.
He said recent EU decision was likely to be reconsidered in the coming period, adding, "It would not be commercially true to ignore world's second-largest natural gas reserves."