Some 30% of Iran’s gas export to Oman to be converted to LNG

Oil&Gas Materials 24 January 2016 14:03 (UTC +04:00)

Baku, Azerbaijan, Jan. 24

By Fatih Karimov- Trend:

About 25 to 30 percent of Iran's gas which is planned to be exported to Oman will be converted into liquefied natural gas (LNG), Alireza Kameli, the managing director of the National Iranian Gas Export Company (NIGEC) said.

Based on the initial agreement it is planed that Iran to export about 28 million cubic meters of gas to Oman per day, Kameli said, the oil ministry's official SHANA news agency reported.

He said that some one third of that amount will be turned into LNG.

He further said that the pipeline project to carry Iran's gas to Oman is under study in its marine section, adding the studies for onshore and offshore sections of the project will be finalized within 11 months.

The Iranian official further said that Iran is planed to use the vacant LNG producing capacity of Oman to export its natural gas and pay the conversion fees to Oman in exchange.

The idle capacity of Oman's LNG producing units is about one million tons per year.

The issue was discussed during the visit of the Iranian oil minister, Bijan Namdar Zanganeh to Oman last week.

Last November, Zanganeh and his Omani counterpart, Mohammed Hamad al-Rumhi, discussed exporting the Islamic Republic's natural gas to the global markets after liquefying at Oman's LNG plants.

Based on an agreement signed between Tehran-Muscat in 2013 Iran will export 28 million cubic meters of gas to Oman per day via a sub-sea pipeline for 15 years.