16775
Price Key Factor in Gas Export Talks
Energy

Price Key Factor in Gas Export Talks

The primary issue discussed with Iran's potential natural gas customers is the price, managing director of the National Iranian Gas Company (NIGC) said Wednesday.
"Iran is negotiating with several countries the export of natural gas," Alireza Kameli was quoted by Shana news agency as saying. "Reaching an agreement on duration of the contract and the volume to be exported wouldn't be an onerous task once an agreement is reached on price."
NIGC has reached agreement with several countries on gas prices, while negotiations are underway with others in this regard. The primary issue in Iran's gas negotiations is the price formula.
The European Union has initiated 'unofficial talks' with Iran for the imports of gas, Fars news agency reported, citing unspecified sources with the knowledge of the matter as saying. Some Caspian littoral states have also invited Iran to join in construction of pipelines designed to transfer Caspian gas to Europe, the report added.
Oil minister Bijan Namdar Zanganeh, however, said earlier in May that gas exports to Europe is not a priority given low prices in that continent, legal impediments as well as budgetary problems.
Iran holds the world’s second biggest natural gas reserves after Russia, which accounts for 17 percent of the world's proved reserves. Nevertheless, Iran is currently a relatively minor and strictly regional exporter of natural gas via pipelines to three neighboring countries – Turkey, Armenia, and Azerbaijan. Despite its abundant reserves, Iran supplies less than one percent of global natural gas exports.
 

 

Short URL : http://goo.gl/qwZIY4

You can also read ...

The share of renewables in Iran’s energy mix is as low as 360 MW.
The Energy Ministry is keen to make good on a promise to add...
NIOC to Hold Briefing on Azadegan Oilfield Tender
State oil company, NIOC, is set to hold a briefing this week...
Zanganeh Highlights Gas Export Barriers
Iran is facing a bumpy road in expanding natural gas export,...
Rosneft, Trafigura Close $13b Purchase of Essar Refinery
Russian oil major Rosneft, oil trader Trafigura and Russian...
Rising US production has been a major factor keeping supply and demand from balancing.
Oil prices fell on Monday as a rally at the end of last week...
Total, Maersk in $7.5b Deal
Total is buying Maersk's oil and gas business in a $7.45...
US Oil Stocks Falling
US crude inventories are falling more than expected in a sign...

Trending

Googleplus