Total, Shell join Iran-Oman pipeline talks
Iran says it has hosted a fresh round of talks with Oman for the construction of a subsea pipeline to export natural gas to the Persian Gulf Sultanate, emphasizing that two global energy giants have also been present in the discussions – Total and Shell.
Iran’s Ministry of Petroleum in a report covered by the media on Monday said also participating in the joint two-day talks were representatives from Korea Gas Corp (KOGAS). Iran and Oman discussed the prospects for the participation of the three companies in the project, reported Shana news agency.
Meanwhile, Platts energy news service quoted a Shell official as confirming that the company was a member in the Advisory Task Force set up over Iran-Oman pipeline project.
"We can confirm that Shell is a member in the Advisory Task Force of the Iran/Oman gas pipeline Project. The scope of the work of the project is subject to confidentiality", a spokesman for Shell told Platts.
No further details on the development have appeared in the media.
Based on an agreement signed in 2013, Iran will pipe 28 million cubic meters of gas to Oman per day via a subsea pipeline within 15 years.
Almost a third of the gas exported by Iran to Oman will be turned into liquefied natural gas (LNG) in the sultanate’s Qalhat plant, and the rest will be consumed domestically. Iran will accordingly use the LNG produced at Qalhat plant for exports to European and Asian markets.
In September 2015, after bilateral negotiations in Tehran it was announced that the project would be operational by the end of 2017.
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