Tuesday 26 July 2011

gulfnews : Natural gas from Iran exported to Europe

Iran reached a $10 billion (Dh36.7 billion) agreement with Iraq and Syria to allow the transit of natural gas from Iran's South Pars field to Europe via Lebanon and the Mediterranean Sea, official state media reported.

Iranian, Iraqi and Syrian oil ministers signed the agreement yesterday, state-run IRIB News reported, citing remarks by Javad Owji, managing director of National Iranian Gas Co.

The gas is to pass through a 5,000-kilometre pipeline to Greece and elsewhere in Europe, state-controlled Press TV reported yesterday on its website.
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