TEHRAN: Kuwait is negotiating with Iran for the imports of natural gas from the country to feed its power plants, according to Ali-Reza Kameli, the managing director of the National Iranian Gas Exports Company.
The official said Iran can export gas to Kuwait through a pipeline, which is being built to transfer Iran’s gas to Iraq via the Iraqi city of Basra, the Mehr News Agency reported on Monday.
The second route through it Iran can export natural gas to Kuwait is a subsea pipeline from the southern Iranian port of Ganaveh, Kameli added.
National Iranian Gas Company’s Managing Director Hamid-Reza Araqi said in April that the Islamic Republic is ready to export natural gas to Kuwait via the pipeline to transfer Iran’s gas to its western neighbor Iraq.
“It is possible for Iran to export natural gas to Kuwait through Iraq and this can take place if a contract for gas exports is signed between Iran and Kuwait,” Araqi said.
On June 2, Reuters quoted Kuwait’s Oil Minister Ali Saleh al-Omair as saying that his country was looking to sign an agreement with Iran to secure much-needed natural gas supplies.
He said Iran has large quantities of gas and Kuwait is in need of Iranian gas through cooperation between the two countries.
Iran sits on the world’s largest gas reserves. South Pars gas field, which Iran shares with Qatar in the Persian Gulf, is estimated to contain a significant amount of natural gas, accounting for about eight percent of the world’s reserves, and approximately 18 billion barrels of condensate.
