No Progress on Iran, Oman Gas Deal Talks

There has been no progress in negotiations over the export of Iranian gas to Oman, according to Hamid-Reza Araqi, the managing director of the National Iranian Gas Company (NIGC).

Araqi, whose company is in charge of Iran’s gas export projects, said operations to build a 260 kilometer subsea pipeline across the Persian Gulf for exporting gas to Oman have not started, reported local news website Afkar News.

Afkar News said that key point of dispute between Iran and Oman is the price.

Iran and Oman had signed a deal in 2013 and agreed to start necessary operations to start the exports as soon as possible.

As per the agreement, gas will be supplied from Iran’s Kish gas field. The total volume of gas would be 20 million cubic meters per day or 10 billion cubic meters per year.

Oman wants Iran’s gas to satisfy the needs of its domestic industries. It also said a part of the Iranian gas will turned into liquefied natural gas (LNG) for exports to other markets including Japan, South Korea and India, Afkar News said..