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Sunday, 18 September 2016

Oman-Iran gas pipeline cost to rise due to new route: source | Reuters

Oman-Iran gas pipeline cost to rise due to new route: source | Reuters:

"A planned subsea natural gas pipeline between Iran and Oman is expected to have a higher estimated cost after the two countries had to change the project's route and design to avoid waters controlled by the UAE, an industry source said on Thursday.

Iran sits on one of the world's largest gas reserves, which Oman has been eyeing as it hopes to feed energy-intensive industries and liquefied natural gas (LNG) export plants.

The planned pipeline would allow Oman to use Iranian gas for domestic needs as well as to export it to global markets as LNG."



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