Iran and Oman discuss an opportunity to launch a sub-sea gas pipeline project between the two countries with three major international oil companies, Shell, Total, and Korea Gas Corp, reported Global Times.
Iran plans to build a 200km onshore pipeline from Rudan to Kooh Mobarak and an offshore pipeline of roughly the same length that would extend from Kooh Mobarak to Oman’s Sohar port. The construction of the pipeline is expected to take two years.
Iran is considering two shallow and deep sea routes, including one which would circumvent any maritime borders and therefore would not require permission from its neighbors.
The state-owned National Iranian Gas Exports Co and Oman’s Oil Ministry had agreed already in 2013 on a 15-year plan to ship Iranian natural gas from Hormuzgan to Oman’s Sohar port via a seabed pipeline with a capacity of 1bcf/d. The total investment in the pipeline is expected to reach $1.5b, wrote Platts.
The details of the project are yet to be finalized. According to an initial agreement, Iran is to export 10bcm of natural gas in total to Oman annually.