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Iran & Oman Take New Step in Gas Trade

Source: www.gulfoilandgas.com 2/11/2017, Location: Asia

Iranian Minister of Petroleum Bijan Zangeneh and his Omani counterpart Mohammed bin Hamad Al Rumhy held energy talks in Tehran on Tuesday. Iran is planning to export natural gas to Oman through a subsea pipeline.

Prior to the Tuesday talks Zangeneh expressed optimism that the talks would bear favorable results for the two countries.

"We regard Iran more than a commercial partner and see it as a friend and a brother country," said Al Rumhy for his part before the talks began in Tehran.

He also said that the talks between Iranian and Omani experts in recent months over the gas projects have gone well.

"We are here today to hold more talks about the project," said the Omani official.

Based on an agreement signed in 2013, Iran will export 28 million cubic meters of gas to Oman per day for a period of 15 years through a pipeline that will go to the sultanate through the Persian Gulf.

Almost a third of the gas exported by Iran to Oman will be turned into liquefied natural gas (LNG) in the sultanates Qalhat plant, and the rest will be consumed domestically.

Iran will accordingly use the LNG produced at Qalhat plant for exports to European and Asian markets.

In October, experts from Iran and Oman held talks with representatives of Royal Dutch Shell, Total and South Koreas Korea Gas Corporation (KOGAS) in assessment of the gas project.

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Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


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