Iran says gas transit from Caspian Sea to Persian Gulf not economic

Iran says gas transit from Caspian Sea to Persian Gulf not economic

Baku, Azerbaijan, Nov. 21

By Umid Niayesh- Trend:

Gas transit from the Caspian Sea littoral states to Persian Gulf is not economically justified, Iran's oil minister, Bijan Namdar Zanganeh said.

He made the remarks while responding a question about Iran's gas talks with Turkmenistan, Mehr news agency reported Nov. 21.

Iran's negotiations with Turkmenistan mainly focused on natural gas swap, Zanganeh said.

The Iranian minister further referred to Iran-Oman negotiations on gas export, saying Iran's gas export to Oman will start once sanctions are lifted.

Zanganeh noted that the idle capacity of Oman's LNG producing units is about one million tons per year.

Earlier it was planed that Iran will export its gas to Oman via Qatar, however with the increasing possibility of the sanction removal, direct export plan was brought to the agenda.

While responding a question about Iran's gas exports to the EU, he said Iran's current plan is based on exporting LNG to European markets.

Iran has a LNG plant, developed by 50 percent with 10.5 million tons (or above 14 billion cubic meters natural gas) of production capacity annually, which is expected to become operational by 2019.

Once the plant is completed, Iran will enter to the European gas market, Zanganeh said.

Earlier, Alireza Kameili, head of the National Iranian Gas Company, said that Tehran is in talks with the largest floating LNG company for production of liquefied natural gas, without revealing the name of the company.

"Due to their high economic viability, Iran is moving in the direction of building FLNG plants," Kameli said.

The official made it clear that several LNG mega-projects, currently halted due to international sanctions, are still on track. "LNG projects are being pursued as before and FLNG is an alternative option."

Iran had earlier contracts with Anglo-Dutch Royal Dutch Shell, Spain's Repsol and France's Total, to build three LNG plants, but those companies abandoned the projects in 2010 due to international sanctions.

Tehran sees LNG as becoming more viable than piped gas, which requires a great deal of time and high costs to reach Europe.

Further, the country plans to build the capacity to export 40 million tons a year of LNG, which is super-cooled to minus 162 degrees Celsius for shipment by special tankers.

Georgia observing economic recovery - minister
Georgia observing economic recovery - minister
Georgian Deputy Finance Minister comments IMF forecasts for Georgia
Georgian Deputy Finance Minister comments IMF forecasts for Georgia
Georgian international airports see decrease in passenger traffic
Georgian international airports see decrease in passenger traffic
Loading Bars
Latest
Georgia observing economic recovery - minister
Goldman Sachs profit jumps on record global dealmaking
Iran’s Alborz Province exports fishery products
Azerbaijani citizens can visit dozens of countries without visa - Henley&Partners
Ukrainian deputy PM visits Azerbaijan’s Aghdam district (PHOTO)
Azerbaijan took huge step towards achieving its national dream - President of Belarus
Turkmenistan reveals volume of allocated loans in national currency
Relations between Azerbaijan and Belarus are far from any problems - President Aliyev
1Q2021 volume of electricity generation by Azerbaijani TPPs down
Azerbaijani, Belarus presidents made press statements (PHOTO)
Turkey reveals volume of cargo shipment via local ports from Netherlands
Azerbaijani-Belarusian presidents sign bilateral documents (PHOTO)
Azerbaijani Energy Ministry, IFC sign Memorandum of Understanding on offshore wind energy (PHOTO)
We created new reality by shedding blood, everyone should reckon with us - President Aliyev
Armenia took advantage of Heydar Aliyev’s dismissal from all posts - Azerbaijani president
IEA expects growth in Azerbaijan’s oil output
Our Victory is not only victory of our people, entire Turkic world is proud of it - Azerbaijani president
2M2021 data on cargo shipment via Turkish Mersin port disclosed
Popular Front-Musavat were selling gasoline to Armenia - Azerbaijani president
Armenia - country with bowed head, and it will always be the case - President Aliyev
Certain revengeful forces raising their heads should know that iron fist remains in place - Azerbaijani president
Iran and Russia extend bilateral cooperation
During war, they wanted to introduce sanctions against us - President Aliyev
Russia records over 8,300 daily COVID-19 cases
War Trophy Park in Baku illustrating aggressive nature of Armenia
Value of Russian imports of Turkish ready-made clothes disclosed
EU to borrow around 150 billion euros annually for recovery fund
Azerbaijan’s average compliance with OPEC+ deal up - IEA
US imports of Turkish electrical goods grow in value
Moody’s discloses forecast on growth of Azerbaijan's economy for next 3 years
President Aliyev on transfer of Irevan to Armenia: I condemned this decision, we should not obscure history
I have been saying that second Armenian state will never be created in our lands - Azerbaijani president
Baku Military Trophy Park - message for revenge seekers, says Azerbaijani expert (VIDEO)
I did not yield an inch on Karabakh issue - Azerbaijani president
Axpo expanding its business in renewable energies
In 2003, scum of PFPA-Musavat tandem attempted military coup, but it did not work - President Aliyev
I promised that I would defend territorial integrity, and I kept my word - President Aliyev
Army with 10,000 deserters is a disgrace - President Aliyev
Czech Republic interested in number of areas of Turkmenistan
Azerbaijani president about PFPA-Musavat tandem: In order to save themselves, they had to turn to Heydar Aliyev
Georgian Deputy Finance Minister comments IMF forecasts for Georgia
Iran reveals COVID-19 data for April 14
Number of job seekers from Turkey in Germany decreased
Azerbaijani banks showing great interest in attracting funds via swap method
Defense minister at time promised that if Shusha was surrendered, he'd shoot himself - President Aliyev
Then leader of junta, Sargsyan, promised me to return our lands in aftermath of that bitter defeat - President Aliyev
Heydar Aliyev was main target for Armenians of world - Azerbaijani president
Everyone visiting Military Trophy Park will see strength of our army - Azerbaijani president
We won an unprecedented victory - President Aliyev
Uzbekistan to double trade volume with neighboring countries
Iran's polyethylene exports rise (UPDATE)
South Africa says downpayments to J&J, Pfizer not refundable
EasyJet sees Europe open for travel from late May
Iran’s GTC continues to purchase wheat from farmers
Azerbaijan boosts electricity production volume
Uzbekistan to finance investment projects in Tashkent city
Natanz incident not to hamper Iran's efforts to revive JCPOA - former MP
Iran to pursue expansion of housing
Iran's Atomic Organization discusses enrichment of uranium
Iran to return to JCPOA after other parties fulfill commitments - President Rouhani
Azerbaijan developing transit trade by using advanced int'l experience
Georgian international airports see decrease in passenger traffic
AzeriCard processing center to suspend payment operations in Azerbaijan due to service update
Czech Republic plans to increase volume of mutual trade with Turkmenistan
Turkey's defense industry developing even better despite import sanctions
IMF shares outlook on Azerbaijan's natural gas export for 2021-2022
Georgia reports 1,085 coronavirus cases for April 14
Hungarian Wizz Air to return to Georgian aviation sector
Investments in Kazakhstan's fixed assets down
Unique for Central Asia tourist complex launched in Kazakhstan
Azerbaijan Banks Association seeks to create special mobile banking platforms
Azerbaijan needs to ensure efficient online opening of bank accounts - ABA head
Russia allows supply of peppers, tomatoes from some Uzbek enterprises
Azerbaijani, Belarus presidents hold one-on-one meeting (PHOTO)
Uzbekistan, Germany discuss issues of co-op on transport sector
Sales of Iranian mining companies grow
GiLTEX welcomes customers in new Sumgayit shop (PHOTO)
Hungarian companies may take part in business forum on restoration of Azerbaijan's liberated lands
Kazakhstan's agriculture output surges over 1Q2021
Azerbaijani Central Bank to facilitate growth of countrywide mobile banking
Half of allocated for cotton land sown in Turkmenistan’s Mary region
Iran to create infrastructures in industrial parks of Qazvin Province
Azerbaijani insurance, financial companies eye to be integrated with ASAN Login
Uzbekistan, Saudi Arabia to expand co-op in tourism sector
Georgia preparing to place Eurobonds on London Stock Exchange
Georgia holds auction of thermal water company's privatization
Shares of Turkmenistan’s Senagat Joint-Stock Commercial Bank to be put on sale
Iranian energy minister talks about water, electricity facilities to be launched
Gold, silver prices rebound in Azerbaijan
Azerbaijan developing mobile platform for money transfers
Azerbaijani SOCAR names amount of recently realized investment projects
IMF expects Azerbaijan’s gas output to rise in 2021
Azerbaijan eyes expanding multimodal cargo transportation with Ukraine
UAE partners with Japan's iSpace to send rover to the moon in 2022
Activities of Iran’s Jask port expand
Iran boosts exports of agricultural products
Georgia aims to ensure sustainable development of wine industry
Turkish Energy Ministry prolongs TPAO's license for oil, gas exploration
Azerbaijani oil prices on the rise
Value of Azerbaijan's 1Q2021 imports of Turkish chemical products disclosed
All news