58055
IGAT-9 is a 1,900-kilometer prospective pipeline.
IGAT-9 is a 1,900-kilometer prospective pipeline.

Iran Keen on $2.5b Gas Project With Russia

The pipeline is envisaged to carry 110 million cubic meters of gas per day from South Pars Gas Field using 17 compressor stations

Iran Keen on $2.5b Gas Project With Russia

The national gas company is interested in a joint venture with Russia to develop the 9th Iran Gas Trunkline (IGAT-9), managing director of National Iranian Gas Company (NIGC) said on Monday.
“The pipe-laying project, worth $2.5 billion, can be implemented in the form of engineering, procurement, construction and financing (EPCF) contract if the licenses are obtained from the government," Hamidreza Araqi, who also is a deputy oil minister, was quoted as saying by Mehr News Agency.
IGAT-9 is a 1,900-kilometer prospective pipeline which will stretch from the southern city of Asalouyeh in Bushehr Province through Ahvaz, Dehgolan and eventually the Bazargan district and border crossing point in West Azerbaijan Province in the northwest. 
The pipeline is envisaged to carry 110 million cubic meters of gas per day from South Pars Gas Field using 17 compressor stations.
According to Araqi, Russia and Iran, two countries with the largest natural gas reserves, can expand cooperation in wide-ranging areas including gas trade, R&D and implementation of joint projects.
Russia with 48 trillion cubic meters and Iran 33 trillion cubic meters together hold more than 40% of the world's global gas reserves, according to BP statistics.
"Iran's gas output is higher than its domestic demand," Araqi said without providing figures. He said the country can boost exports by improving energy efficiency, using the expertise of Russian gas giants such as Gazprom.
Iran ramped up gas production in recent years following the launch of several projects in South Pars, the giant gas field it shares with Qatar in the Persian Gulf.
Araqi said Iran's total gas production is around 700 mcm/d and production will surpass 1 billion cubic meters by mid-2017 as more South Pars phases come on stream.
--- Russian Role
After holding talks with Araqi in Tehran last month, Alexander Medvedev, deputy chief executive of Gazprom said his company is ready to play a role in Iran's gas supply chain.
"We are keen to take part in exploration and production projects, LNG (liquefied natural gas) production and gas exports" including a plan to supply Iran's gas to India, he said.
"We are ready to partake in major gas projects, even if they're complicated. But collaboration should meet the interests of both sides."
Medvedev also said Gazprom is willing to operate in Iran's energy market alongside European majors. 

---- MoU With KOGAS
NIOC and Korea Gas Corporation (KOGAS) have signed a memorandum of understanding to pave the way for the state-owned Korean company to implement mega projects in Iran's petroleum industry.
The agreement, signed in May 2016, reportedly calls for conducting feasibility studies for the construction of Iran Gas Trunklines (IGAT 9 and 11) as well as laying a subsea pipeline through the Persian Gulf to supply gas to Oman on the Arabian Peninsula.
Pointing to KOGAS experience in gas projects, Araqi added that the agreement calls for conducting research and development for mini liquefied natural gas projects as well as LNG and compressed natural gas projects.
According to the CEO of KOGAS, Lee Seung-hoon, Seoul and Tehran will cooperate in the development of gas projects via technology transfer and joint ventures.
"KOGAS has covered all of South Korea with a single gas pipeline," according to Lee, who says that his company has successfully implemented gas trunkline projects, which are designed for natural gas supply from the production site to consumption points, not only in South Korea but also in Mexico, Indonesia, Mozambique and Peru.

Short URL : https://goo.gl/M8PIrT
  1. https://goo.gl/MNsuS6
  • https://goo.gl/XqLKdj
  • https://goo.gl/iJzhWo
  • https://goo.gl/raDjA6
  • https://goo.gl/jnRI5P

You can also read ...

CRA pipelines are among widely-used equipment in the petroleum sector.
With the aim to produce quality machinery and equipment for the...
NIGC Seeks Bigger Share of Global Gas Market
Iran's share in the global natural gas trade should increase to...
Nominal output capacity is to reach  72 million tons in fiscal 2017-18.
The National Petrochemical Company says it aims to raise...
Iran's Oil Minister Backs Extended OPEC Deal, Says Iranian Cuts Unlikely
It is unlikely that Iran will reduce its crude oil output but...
NITC Expands Tanker Leasing Contracts
The National Iranian Tanker Company has signed more than 70...
Trump Proposes Selling Half of US Strategic Oil Reserve
The White House plan to trim the national debt includes selling...
Iran Crude Oil Prices Slide
Iran's crude prices extended their recent losses into the week...
Zanganeh Will Attend OPEC Meeting
Oil Minister Bijan Namdar Zanganeh will visit Vienna on...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus