Kordan: Crescent Gas Deal Not Good |
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Interior Minister Ali Kordan has criticized a proposed gas deal with UAE's Crescent, saying it will not serve national interests.
"It is clear that the contents of the contract do not serve Iran's national interests," said Kordan.
According to Presstv, Kordan previously served as deputy oil minister and helped shape the Crescent proposal until he was appointed to the post of interior minister. He continues to be responsible for the agreement in the new post.
Crescent was established to distribute gas among utilities and industrial consumers in the United Arab Emirates. The firm has been discussing the pricing of gas imported from Iran for more than 18 months.
"Discussions are currently under way to proceed with the agreement within the framework of what national interests require," Kordan said.
Iran blames the delay on the Crescent's rejection of a higher rate for the gas. Crescent, however, says a series of technical problems have caused the delay.
Crescent Petroleum in 2001 signed a deal to import natural gas from Iran's offshore Salman field through a pipeline jointly built by Iran and Crescent. It is proposed that Iran supply 600 million cubic-feet-a-day of gas to the UAE firm.
The Crescent gas agreement created debate in Iran in 2006. Politicians and experts argue that the rate for gas purchased by Crescent should be higher, considering the increase in global oil prices.
Meanwhile, Iran has announced that it will switch to a floating price formula in its natural gas purchases from Turkmenistan in January 2009.
"Iran currently buys Turkmenistan gas at a fixed price but will switch to a floating price formula from the beginning of next year. Prices will be linked to the price of various oil products, mainly gas oil and fuel oil," National Iranian Gas Company Director Seyyed Reza Kasaei-Zadeh said.
According to the energy official, Tehran has a long-term plan to increase its annual imports of nearly 9.2 billion cubic meters of Turkmen gas to a maximum of 14 billion cubic meters per year.
Turkmenistan cut gas exports to Iran in January 2008, citing technical problems; Ashgabat later resumed its exports but demanded an increase in prices. Iran gets about 5 percent of its gas needs from Turkmenistan.
© Iran Daily 2008
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