Bahrain to import gas from Iran, Russia involved

The issue of Iran’s gas exports to Bahrain through cooperation with Russia has been raised during a tripartite meeting, Iranian official says.

Iran’s Deputy Oil Minister, Hossein Noghreker-Shirazi, told Shana News Agency on Wednesday that Bahrain’s need for gas imports from Iran is around 300mn to 500mn cubic feet per day.

He added that Bahrain wants to import gas from Iran and Russia is interested in investing in Iran’s energy projects.

“Iran has expressed readiness to provide Bahrain with its needed gas, in line with… the priority of exporting gas to neighbors,” he said.

He said that the investment in Iran’s upstream oil and gas projects is proposed to any country interested in importing gas from Iran.

“Iran emphasizes Bahrain’s investment in Iran’s energy projects as a clause in the potential long-term gas contract with Bahrain,” Noghrekar said.

In October 2009, Bahrain’s oil and gas minister said that the Persian Gulf nation plans to restart talks with Iran about importing natural gas.

Previously Iran and Bahrain held several rounds of energy talks. The two countries were discussing Bahrain’s $4 billion investment in the development plans of South Pars phases 15 and 16.

Bahrain needs additional gas to fuel a growing demand for electricity.