Jordan to be Qatar’s newest South Pars’ customer

Oil&Gas Materials 1 January 2012 14:41 (UTC +04:00)

Azerbaijan, Baku, Jan. 1/ Trend M. Moezzi/

Qatar has added Jordan to its list of customers for liquefied natural gas (LNG) from the South Pars oil field it shares with Iran.

Qatar celebrated exporting 77 million tons of LNG for 2011.

Meanwhile, despite holding the second largest natural gas reserves in the world, Iran's LNG share in global markets is zero. Based on estimates, it will take another two years for Iran to start selling LNG.

Qatar's income from its gas exports twice what it earns from oil.

In 2011, the International Monetary Fund named Qatar the world's richest country.

Oil and gas officials from Jordan are scheduled to visit Qatar January 2-4 to discuss replacing their gas imports from Egypt, stopped because of a pipeline explosion, with LNG from Qatar.

The talks will be preliminary and Jordan is working with British Petroleum (BP) to develop a gas project that will make it self-sufficient.

Iran and Qatarhave shares in the South Pars gas field. The Iranian share which is divided into 29 phases, accounts for about 14 trillion cubic metres of gas, or about eight per cent of the total world reserves and more than 18 billion barrels of liquefied natural gas resources.

Qatar launched developing South Pars ten years before Iran and has intensified developing the field, while Iran suffers international sanctions and technical-financial obstacles.