Iran to open new gas corridor to Europe via Iraq & Syria

The biggest gas deal in the Middle East; aimed at exporting Iran's natural gas from its gigantic reserves in the Persian Gulf, to its neighboring Iraq and Syria.
Iran, Iraq and Syria took the plan a step further as their energy authorities signed a memorandum of understanding in Asaluye at Iran's south pars gas field on Monday.
The target is a 5000 kilometer pipeline that would open the market for 110 million cubic meters per day of Iranian natural gas. This corridor will supply Iraq, Syria, Lebanon and probably Greece on its way towards Western Europe.
Experts believe that the 10-billion-dollar agreement will give Iran a new position in the world energy market.
But experts also say that security and the commitment of Iran's partners in a future contract are some of the challenges that this project might face.
The event takes place at a time when Iran's oil and gas sector faces US sponsored sanctions which also urges other countries not to engage in energy deals with the Islamic Republic. The Iraqi oil minister had a different opinion.
Iran currently produces 600 million cubic meters of gas per day, 37 million cubic meters of which are exported abroad.
Experts say that Iran already has 33 trillion cubic meters of proven natural gas reserves; enough to supply Europe's demand for 80 years. Figures show that by 2030 Europe's gas consumption will go from 500 to 700 million cubic meters per day.
Some experts believe that by that time Iran could be a potential supplier of Europe's natural gas.

Category:

News & Politics

Tags:

• iranian
• gas
• field
• europe
• iraq
• syria
• tehran
• damascus
• baghdad
• assaluyeh
• persian
• gulf
• pipeline
• turkey
• islamic
• republic
• عسلویه
• south
• pars

[MrAataghi]

Iran is moving on Israel is going down