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Tehran Wants Gazprom to Join Iran-Oman Gas Pipeline Project - Deputy Minister

(Saturday, December 23, 2017) 12:21

MOSCOW, Dec. 23 (Shana) -- Iran is interested in Gazprom’s participation in the construction of the Iran-Oman gas pipeline, Iranian Deputy Petroleum Minister and Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor stated in an interview with the Gazprom magazine, published on Friday, Sputnic News reported.

"[NIOC and Gazprom] are considering a possibility of the joint implementation of a number of absolutely new projects, including Iran LNG, Farzad-A, and Farzad-B, North Pars. Besides, there has been huge interest in the prospects of the joint construction of Iran-Pakistan-India and Iran-Oman gas pipelines," Kardor said.

In November, Gazprom and the NIOC signed a memorandum of understanding, which opened the way to a study into the prospects of cooperation in the development of gas fields in Iran, gas transportation and monetization. Among them was a project to supply gas from Iran to India through Pakistan.

In December, Gazprom, the NIOC and Iran's Oil Industry Pension, Saving and Staff Welfare Fund signed a memorandum of understanding on the Iran liquefied natural gas (LNG) project.

The first phase of the Iran LNG project envisages the construction of two technological lines for liquefying gas with a capacity of 5.25 million tonnes per year. The second phase provides for an increase in productivity of up to 21 million tonnes per year by creating two additional processing lines.

The Iran-Oman gas pipeline project is expected to connect Iran’s gas reserves with Omani consumers and LNG plants so that Oman could re-export the gas. Following the talks between Iranian and Omani officials back in February, it was reported that Iran would export 28.3 million cubic meters of gas per day to Oman through a direct pipeline, which would bypass the United Arab Emirates.