| 18 Sep 2008 |
|
Kordan: Crescent Gas Deal Not Good
- Text size
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.
x
DISCLAIMER
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Access to this article is subject to specific terms and condition.
Loading ...Free Newsletter
Get the latest news from Oil & Gas and other Free newsletters.
Post a Comment
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.