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Iran Pushes Persian Pipeline As European Alternative To Russian Gas

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  • Iran Pushes Persian Pipeline As European Alternative To Russian Gas

    IRAN PUSHES PERSIAN PIPELINE AS EUROPEAN ALTERNATIVE TO RUSSIAN GAS

    Eurasianet
    http://www.eurasianet.org
    April 1, 2009

    Iran's proposed Persian pipeline could be the perfect alternative to
    Europe's reliance on Russian gas, Iranian Oil Minister Gholam Hossein
    Nozari says.

    Nozari said that negotiations with European partners were underway
    and that Syria, Iran and Iraq should sign a cooperation agreement to
    realize the project, the Russian news agency RIA Novosti reported
    on April 1. "In accordance with a project being developed, Iranian
    gas will be supplied to European countries via Iraq, Syria and the
    Mediterranean Sea, and further onto Greece and Italy," Nozari said
    April 1 during a visit to Syria.

    Iran has the potential to rival Russia as a gas exporter, if it
    meets its stated goal of tripling production to 475 billion cubic
    meters (bcm) a year by 2020. The Persian pipeline would use existing
    infrastructure, the I-Gas 9 pipeline, to transport the fuel as far as
    the Turkish border. The I-Gas 9 pipeline has the capacity to carry
    40 bcm of gas annually. Iranian officials say the country has 28
    trillion cubic meters of proven natural gas reserves.
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