The Indian-operated Farzad field in Iran’s Farsi block is expected to produce about 9.7 trillion cubic feet (TCF) of gas in 30 years.
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The National Iranian Gas Export Company’s managing director, stated that Iran and Turkmenistan commenced a new round of gas talks in Ashgabat on Friday.
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Chinese National Petroleum Corporation to develop 11th stage of world’s leading marine gas field in Iran for $4.7 billion. France committed to project five years ago, but is delaying alliance.
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Iran has signed a USD 5 B deal with China National Petrolium Corporation for the exploitation of the giant South Pars natural gas field.
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Turkey declared that it has paid Iran some $704 million for natural gas it failed to purchase from the country in 2008, Today’s Zaman has learned from sources close to the Ministry of Energy and Natural Resources.
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Construction has been commenced on a 1,740 kilometre pipeline from Iran through Turkey and on to consumers in Europe to carry Iranian gas, said the head of economic affairs at the Iranian embassy in Turkey on Friday.
Ahmad Noorani, the Iranian embassy’s chief of economic affairs, stated:
The Pars Pipeline will go from Turkey to Greece, through [...]
India declared that it can still join a natural gas deal between Iran and Pakistan, Tehran and Islamabad had signed an agreement on the exports of Iranian gas.
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Pakistan’s Cabinet has approved gas purchase formula from Iran and called for immediate steps to lay the pipeline. The gas will be imported through Iran-Pakistan-India gas pipeline, also known as the IPI pipeline or the Peace pipeline.
Information Minister Qamar Zaman Kaira stated:
The Federal cabinet approved a formula to purchase gas from Iran.
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China announced that it has signed a $3.2-billion gas deal with Iran which is holding the world’s second-largest natural gas reserves, for the production of 10.5 million tones of LNG annually in Iran’s South Pars gas field over the next three years.
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Iran said that Bahrain gas talks were still in effect.
Reza Kassaeizadeh, chairman of National Iranian Gas Export Company, said:
The Bahraini side has not officially announced suspension of gas talks with Iran and we believe the negotiations are still in effect.
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Tuesday, July 21, 2009