Iran pushes Persian Pipeline as European alternative to Russian gas

01-04-09

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.

"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 bn cm 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 bn cm of gas annually.
Iranian officials say the country has 28 tcm of proven natural gas reserves.

Source: http://www.euractiv.com