Iran Looks to Export LNG Via Oman

Iran is looking to export LNG via a plant in Oman, a senior Iranian official told Wall Street Journal.

Last week, Muscat and Tehran inked initial agreement on to build a submarine pipeline which will supply gas Iranian gas to Oman. Last year, the two countries inked a gas supply deal where Iran would supply gas to Oman for 25 years via undersea pipeline. The proposed pipeline is expected to be complete by the end of 2017.

In an interview with Wall Street Journal, Alireza Kameli, managing director of the state-owned National Iranian Gas Exports Co., said one option being considered is "to participate in the Oman LNG plant" and "market LNG cargoes" with its Persian Gulf neighbor.

According to Wall Street Journal by partnering with Oman, Iran can ship the fuel to Asian markets.

Despite have huge reserves of natural gas, Iran has not been able to develop its LNG industry because of sanctions. 

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