Oman on Sunday reported a progress of 80% in preliminaries to launch a project to import natural gas from Iran through a key subsea pipeline.
Oman’s Ambassador to Tehran Saud bin Ahmad Al-Bardani was quoted by the official IRNA news agency as saying that the pipeline project will have a significant contribution to the promotion of trade between the two countries.
Al-Bardani further added that the impending removal of sanctions against Iran will help further boost the country’s trade with Oman.
Iran has announced agreements with Oman to convert part of its natural gas to LNG in the Sultanate.
The deal is part of Iran’s ambition to join the LNG retail market, the state-run Mehr News Agency says.
According to an MoU which had been signed between Oman and Iran’s oil and energy ministers three years ago, the two countries agreed to build a gas pipeline.
The project of transferring gas from Iran’s Kish field to Oman will cover a 200km pipeline which for the most part would be located under the water.
As part of the first phase of the project, Iran will export 1mn cubic feet (mcf) of gas to the Sultanate, and plans to eventually raise it to 3bn cubic feet per day (bcf).
