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Iran, Iraq, Syria sign $10B gas pipeline deal

MNA. Iran, Iraq, and Syria have signed a deal for the construction of the Middle East’s largest gas pipeline, which would carry gas from Iran’s South Pars gas field to Europe via Iraq, Syria, and Lebanon and beneath the Mediterranean Sea.

Overall cost of the 6,000-kilometer pipeline project is estimated to be around $10 billion, according to Iranian Deputy Oil Minister Javad Ouji. Construction should take 3–5 years once funding is secured, Ouji said. Projected pipeline capacity is 110 million cubic meters of natural gas per day.

Three working groups will begin examining the technical, financial, and legal aspects of the project, which has been under discussion since 2008.

Iraq has said that it needs 10 to 15 million cubic meters of Iranian gas per day. By 2020, Syria will need about 15 to 20 million cubic meters of gas per day and Lebanon will need about five to seven million cubic meters of gas per day.

According to projections, Iran’s gas output will double in the next two or three years due to the expansion of gas fields, which will make it possible for the country to export 250 million cubic meters of gas per day.

Separately, the Iranian deputy minister of industry and mines said the country will begin a pilot natural gas to gasoline project in Tehran to produce gasoline “for a 3-month trial”. According to media reports, the official also noted that the country is planning to set up two “industrial and semi-industrial plants” to produce 13,000 barrels of gasoline per day.

Comments

HarveyD

Two interesting developments.

1. Pipelines to export NG from some of the major world NG fields.

2. Plants to convert NG to gasoline for local consumption.

USA could learn from No. 2 and reduce crude oil import.

ToppaTom

O-M-G - how long will this take?.
Is it like our Keystone XL pipeline? Na.

1. They will file an application for a permit with state departments? Na.

2. Will the State Departments file draft Environmental Impact Statements ? Na; It's a PIPELINE.

3. A comment period on that draft? Na. No draft; No comment period.

4. The State Department will then issues a supplemental draft ? Na. No draft; no supplemental.

5. Comment period for that. Na; For what?

6. The Department of State to issue a Final EIS for the proposed pipeline? For a PIPE? Na.

7. Following issuance of the Final EIS, is the next step a 90-day review period where interested agencies, such as, but not limited to, the Department of Energy and the Environmental Protection Agency, will provide their views on whether issuance of a Permit would be in the national interest? Na. Na. Na.

8. Will the State Department host public meetings in the capitals of Iraq, Syria, and Lebanon and the Mediterranean Sea through which the proposed pipeline would pass? Na; except maybe the Med.

9. Then they will hold additional meetings in the Saudi Hills region? Na.

10. And another along the Mediterranean Coast? Na.

11. Will this be followed by a final public meeting in Iraq? Na. Na. Na.

12. The State Department has already made a decision to grant the permit? Ya.

Construction should take 3–5 years once funding is secured.
Including approvals, total time, about 3–5 years.

I don't think they need our 12+ step, 10 year process.

Under the Med? Yes.


It's just a F**cking pipeline.

It’s not like they don’t already know pretty much ALL there is to know about oil pipelines.

Aaron Turpen

Well.. 3-5 years to build the pipeline. Looks like the Pentagon just got their time frame for invasion laid out for them. Now it's jsut a coin toss as to which will be first: Syria or Iran. Maybe a simultaneous, "coalition" invasion instead?

Mark it. Can't have those brown people that don't cooperate in the World Bank holding any assets..

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