Iran To Export Natural Gas to Kuwait Through Iraq
KABUL: (Middle East Press) A senior Iranian gas industry official said Iran’s government is willing to export natural gas to Kuwait via a pipeline, which is being built to transfer Iran’s gas to its western neighbor, Iraq.
“A contract between Iran and Kuwait needs to be signed in in order to export natural gas to Kuwait through Iraq,” managing director of the National Iranian Gas Company (NIGC) Hamid Reza Araqi was quoted by Shana news agency on Sunday.
The gas field is estimated to contain a significant amount of natural gas, accounting for about eight percent of the world’s reserves, and almost 18 billion barrels of condensate.
“Iran and Iraq seek to gadget the gas export project as soon as possible…,” said the NIGEC head, adding that gas exports to Baghdad will start at 4 million cubic meters per day and can be increased to 35 cubic meters per day in future.
“Gas exports to Basra will start from 5 million cubic meters per day and will reach 30 million cubic meters, a year after an agreement is completed,” he was quoted by IRNA as saying.
