Iran, Oman nearing agreement on subsea gas export pipeline

Bijan Zanganeh, Iran’s Minister of Petroleum, expects talks between Tehran and Muscat over a planned onshore/subsea pipeline between Iran and Oman to be finalized by the end of February, according to news service Shana.

Offshore staff

TEHRAN, Iran – Bijan Zanganeh, Iran’s Minister of Petroleum, expects talks between Tehran and Muscat over a planned onshore/subsea pipeline between Iran and Oman to be finalized by the end of February, according to news service Shana.

This follows a meeting with Zanganeh’s Omani counterpart Mohammed bin Hamad Al Rumhy in Tehran yesterday.

Zanganeh added that deepwater mapping activities for the proposed pipeline should conclude over the next few months, followed by a tender for selection of a developer for construction of the “gasoduct.”

Representatives from Total, Royal Dutch Shell, Korea Gas Corp., Germany’s Uniper, and Japan’s Mitsui had presented proposals at the meeting, he added.

In connection with this development,National Iranian Oil Co. and the Ministry of Oil and Gas of Oman have rubber-stamped an extension of an agreement signed in 2013, under which Iran will export 28 MMcm/d of gas for 15 years through a pipeline crossing the Persian Gulf to the Sultanate.

Almost one-third of the gas exported by Iran to Oman will be converted to LNG in the sultanate’s Qalhat plant, with the rest consumed domestically.

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

02/08/2017

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