More stable Iraq needed for Iran gas exports

TEHRAN Sept 16 (Shana)–Iran is waiting for more stable conditions in Iraq before starting gas exports to its western neighbor, a senior gas official said.

“Iran is waiting for more stability in Iraq for gas exports,” Ali-Reza Kameli, managing director of National Iranian Gas Exports Company, said.

“Iran will be fully ready to export gas to Iraq by the start of next [calendar] year [in March 2015], but the start of gas exports to Iraq will definitely depend on normal conditions in that country,” he said.

Kameli said Iraq is “seriously” following up on the issue of gas imports from Iran.

Last month, Iran’s Deputy Oil Minister for International Affairs and Trading Ali Majedi said Iran is expected to start pumping gas to Iraq early next Persian calendar year, which starts on March 21, 2015.

Iran has agreed to export 25 million cubic meters (mcm) a day of gas to Iraq, but the gas delivery will start at seven mcm per day.

The 270-kilometer pipeline stretches from the village of Charmaleh, located in Iran’s western province of Kermanshah, into the town of Naft Shahr on the border with Iraq.

The pipeline, which is estimated to earn Iran $3.7 billion a year in revenues, will be fed by the massive offshore South Pars gas field in southern Iran.

The South Pars gas field, which Iran shares with Qatar in the Persian Gulf, is estimated to contain 14 trillion cubic meters of gas and 18 billion barrels of condensate.

By SHANA

 

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