|Iran agrees on gas export volume with Oman||
DUBAI (Reuters) - Iran has agreed to export 20 million cubic meters per day (mcm/d) of gas to Oman, Iranian Oil Minister Bijan Namdar Zanganeh said.
“Gas negotiations with Oman are over, and as both sides have agreed, Iran will export 20 million cubic meters per day of gas to Oman in the near future,” Zanganeh was quoted as saying by the Fars News Agency.
Zanganeh did not give further details on the date, pricing or on the construction of a pipeline to transport the gas.
Last year, Tehran signed a memorandum of understanding (MOU) to export gas to Oman from 2015 in a 25-year deal valued at around $60 billion.
That MOU, signed by Zanganeh and Omani oil minister Mohammed bin Hamad Al Rumhy, included an agreement to start laying a gas pipeline to Oman.
But Rumhy said in September 2013 that both countries were unlikely to even start laying a planned subsea gas pipeline for at least another two years.
Oman began importing Qatari gas in 2007, but its demand has risen rapidly since then, threatening its LNG exports and pushing Muscat back to the negotiating table with Tehran.
Iran sits on the world’s largest gas reserves, according to the latest statistics compiled by BP.
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