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Iran ready for gas exports to Kuwait

11 Feb 2015 - 20:53


[caption id="attachment_112207" align="alignright" width="234"]Iran says it is ready to start exporting natural gas to Kuwait. Iran says it is ready to start exporting natural gas to Kuwait.[/caption]
Iran has announced readiness to start exporting natural gas to Kuwait. �Iran�s Ambassador to Kuwait Ali-Reza Enayati has been quoted by media as saying that both Iran and Kuwait are determined to proceed with the project to pipe Iran�s gas to Kuwait.
�Considering that natural gas is a strategic commodity, negotiations over [exporting] it requires maximum attention,� Enayati has been quoted as saying by Iran�s Persian-language newspaper Donyay-e Eqtesad.�

�From the Iranian side, we are ready to export gas to Kuwait and the Kuwaitis are also ready to import the gas because they need it,� he added.

Enayati emphasized that the will to move ahead over this exists �because the potential for supply and the demand exists�.

Therefore, he added, there is no obstacle for Iran and Kuwait to make the much-negotiated export project operational.

Iran and Kuwait reached a basic agreement in 2000 over the export of Iran�s natural gas to the Persian Gulf country. Based on the agreement, Iran had agreed to export about 8.6 million cubic meters per day of natural gas to Kuwait through a 260-kilometer underwater pipeline. However, the project came to a halt due to certain differences.

Kuwait renewed diplomatic efforts to revive the project after the election of President Hassan Rouhani in 2013.� In June 2014, the Kuwaiti Oil Minister said the two countries have renewed efforts to make the gas export scheme operational.

Last month, Iran�s Ministry of Petroleum�said that exporting natural gas to Persian Gulf littoral states will be its top priority within the next few years. �It said�the immediate gas export targets will be Oman, Kuwait and the UAE.

By Press TV


Story Code: 150629

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https://www.theiranproject.com/en/news/150629/iran-ready-for-gas-exports-to-kuwait

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