Studies on Iran-Oman Gas Pipeline to be Complete in Six Months

Studies on Iran-Oman undersea gas pipeline will be complete in next six months, Omani foreign minister Yusuf bin Alawi said Sunday.

bin Alawi and Iranian oil minister Bijan Zangeneh held a meeting in Tehran on Sunday, reported Press TV.

Iran is interested in exporting some amount of gas it will supply to Oman to Asia and Europe by using latter’s spare LNG capacity.

An Iranian delegation will visit Oman soon to discuss the gas price and other issues, managing director of the National Iranian Gas Export Company (NIGEC) Alireza Kameli said.

"Iran's plan is to reach an agreement with Oman on the LNG tooling fee," Kameli said, adding that Oman had a spare production capacity for 2.5-3.5 million tonnes of LNG which Iran can use. 

"If the tooling fee for LNG conversion is rational, the gas price can be set on that basis," he said. Kameli said Iran had presented its proposals to the Omanis and was waiting for an answer, Press TV reported.  

Kameli said in January that around 30 percent of the gas that Iran planned to export to Oman would be used for producing LNG.