| 11 Jul 2009 |
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UAE Firms Interested
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A senior Iranian gas official said a number of UAE firms are ready to import natural gas from Iran based on international prices. "At least three UAE companies have submitted requests for importing gas from Iran based on international prices," Managing Director of National Iranian Gas Export CompanyNational Iranian Gas Export Company
Reza Kasaeizadeh told Fars News Agency.Iran has always stressed that gas exports to the Persian Gulf state would only begin after a new price is set in the contract.
The National Iranian Oil Company and Crescent PetroleumCrescent Petroleum
Group of the UAE signed a deal in 2001 to transport gas through a pipeline from the Salman field to Lavan Island in the Persian Gulf. However, Iran increased its initially proposed price, citing a sharp rise in international gas prices since the time the contract was signed.
Kasaeizadeh also said Iran and CrescentCrescent
would start a new round of talks to discuss a deal that would allow the UAE firm to import Iranian gas. "We have begun talks with CrescentCrescent," he said.The original agreement envisaged a contract for 25 years starting in 2005. State auditors said the country could lose as much as $21 billion over 25 years if gas prices did not meet market conditions.
Under the agreement, Iran was to export 195 million cubic feet of gas to the Persian Gulf state in 2005-06, followed by 230 million cubic feet, 300 million cubic feet and 350 million cubic feet in the following three years.
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