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.