News Clippings

Iran to export gas to India, Oman
Sunday, September 25, 2011

Caretaker director of the National Iranian Gas Export Company (NIGEC) says Iran has reached agreements with India and Oman on exporting gas to the two countries.

Hossein Bidarmaghz said on Sunday that negotiations between Iran and India started 11 months ago and are still ongoing.

“India has called for the construction of a subsea gas pipeline in international waters so that neither side (Iran or India) will have to pay gas transit fee,” said the NIGEC official, adding that an Indian delegation would soon visit Tehran to discuss the pipeline deal.

“Another way to transfer Iranian gas to India is via a pipeline from Oman to India to which a subsea pipeline would connect and take Iranian gas …,” he added.

Bidarmaghz said based on a trilateral agreement among Iran, Oman and a third country, Iran's gas will feed Oman's liquefaction plant before being processed into various products in the third country.

Iran ranks second in the world in natural gas resources after Russia with available gas reserves estimated at over 33 trillion cubic meters.

In addition to exporting gas to Turkey, Armenia, and Pakistan, the country is currently negotiating gas exports to Iraq.

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