Iran to Begin Gas Exports to Oman within Two Years

Iranian minster of petroleum Bijan Namdar Zanganeh says the Islamic Republic of Iran will start natural gas export to Oman in less than two years.

Zanganeh said gas contracts are mainly singed for a 25 year period adding that total value of the exports will hit 60 billion dollars considering today’s natural gas prices, Iran’s SHANA news agency reported.

Zanganeh and his Omani counterpart Mohammed bin Hamad Al Rumhy signed an agreement on gas export from Iran to the neighboring country as part of an Omani high ranking delegation visit to Iran headed by Oman ruler Sultan Qaboos.

He added that construction of the planned pipeline, its length and the various possible routes will be studied very quickly and pipe laying operations will start soon after a final decision made on the final route.

He said that the gas transfer deal with Oman was the largest economic agreement between the two countries so far.

[mappress]
LNG World News Staff, August 28, 2013