Tuesday, May 10, 2011

Iran to sign gas deal with Syria

I want to post this quick.
One news story. Does it shed light on the drive to pummel Syria and Iran?

Iran will soon sign a contract with political allies Syria and Iraq to export its natural gas to the Mediterranean region, a senior energy official was quoted as saying by the semi-official Mehr news agency on Tuesday.

Iranian and Syrian oil ministers said in January their countries planned to build a gas pipeline with the cooperation of Iraq to widen export options for regional energy players but that the pipeline was still at the idea stage.

"A trilateral agreement between the three countries on the transit of gas has been reached ... The first official contract is ready to be signed soon," Javad Oji, head of the National Iranian Gas Co. (NIGC), was quoted as saying.

"We plan to transit gas from the South Pars field through Iraq, Syrian and then Lebanon to the Mediterranean area and Europe," Oji added.

Oji said up to $6 billion was needed to build the 56-inch pipeline and that it would have the capacity to transfer 110 million cubic metres of gas per day.

The South Pars gas field, shared with Qatar, makes up the world's largest pure gas reserve. An official said last month Iran's gas output would rise to 700 million cubic metres per day by March 2012.

While Iran holds the world's second-largest gas reserves, it currently has no major net exports, partly due to international sanctions.

Boy this would help both Syria and Iran out!


  1. Iran piping gas to the mediterranean coast would put the Nabucco pipeline in mothballs forever. The usual suspects need the otherwise uneconomic Nabucco pipeline in action to supply Europe with gas when they attack Russia which supplies the bulk of Europes energy at present

    "If Nabucco is to succeed, there is one potential supplier that could step into the supply void, but for Washington, it is a country too far - Iran. Iran contains 16% of the world's natural gas reserves, second only to Russia. Washington has clearly and repeatedly stated its opposition to including Iran in Nabucco, as last month US Special Envoy for Eurasian Energy Richard Morningstar stated, "We have been constantly saying that, in our opinion, Iran is not in a position to become a part of any new projects in the Southern Corridor."

    In response, speaking after a December 8 Iran-UAE joint economic commission meeting in Tehran, Iran's Foreign Minister Manouchehr Mottaki bitingly observed, "We have never heard that Europeans have entrusted the Americans with their authority to decide on the pipeline."

    Motakki then added a blunt dose of reality, stating, "Speaking about the Nabucco pipeline without Iran's participation would amount to nothing but a pipeline void of gas." Mottaki's comments echoed those of Russian Prime Minister Vladimir Putin, who said in March that Nabucco was not feasible without Iranian participation.

    more here

  2. Hey James: Apologies..
    I found this in my spam file, today.
    I am going to read the link you left.
    Again, I am so sorry.

  3. From me to James

    Hey James: Apologies..
    I found this in my spam file, today.
    I am going to read the link you left.
    Again, I am so sorry.