Islamic Pipeline
Source: https://www.construction.am
#pipeline #iraq #iran #syria #construction
On July 25 Iran, Iraq and Syria agreed to build a major gas pipeline to transfer the country's natural gas from Iran's South Pars gas field to Eastern Mediterranean countries and Europe, reported ITAR-TASS. It should be noted, that this project would set a serious rival to EU gas pipeline Nabucco - from Central Asia and Caspian region to the EU.
The construction of a new 5000km pipeline, which is also called the "Islamic Gas Pipeline", will cost about US$ 10 billion. It is expected that the new pipeline would ultimately have the capacity to pump 110 million cubic meters of natural gas per day. A 1500 km section from southern Iran to Damascus will be commissioned in the period between 2014 and 2016.
New gas pipeline will ship gas from South Pars to Iraq then to Lebanon, eastern Mediterranean countries and Europe. International consortium is created for the pipeline construction.
At the signing-ceremony of a gas pipeline agreement, Iran's caretaker Oil Minister Mohammad Aliabadi said that Europe is in dire need of Iran's gas, according to the official IRNA news agency.
Aliabadi said this agreement would strengthen trilateral relations among the three Islamic countries and it will also lead to ensuring economic security in the region, said the report.
According to research by BP, Iran has roughly 28 trillion cubic meters of natural gas - the second largest reserves in the world after Russia with reserves about 45 trillion cubic meters.
The construction of a new 5000km pipeline, which is also called the "Islamic Gas Pipeline", will cost about US$ 10 billion. It is expected that the new pipeline would ultimately have the capacity to pump 110 million cubic meters of natural gas per day. A 1500 km section from southern Iran to Damascus will be commissioned in the period between 2014 and 2016.
New gas pipeline will ship gas from South Pars to Iraq then to Lebanon, eastern Mediterranean countries and Europe. International consortium is created for the pipeline construction.
At the signing-ceremony of a gas pipeline agreement, Iran's caretaker Oil Minister Mohammad Aliabadi said that Europe is in dire need of Iran's gas, according to the official IRNA news agency.
Aliabadi said this agreement would strengthen trilateral relations among the three Islamic countries and it will also lead to ensuring economic security in the region, said the report.
According to research by BP, Iran has roughly 28 trillion cubic meters of natural gas - the second largest reserves in the world after Russia with reserves about 45 trillion cubic meters.
