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Iran mulling over gas export to Bahrain

Iran says it is mulling over the outlines of a joint agreement with Bahrain for the export of Iranian natural gas to the Persian Gulf state.

Iran’s Deputy Oil Minister Javad Oji said on Saturday that Iranian and Bahraini officials met in Tehran to discuss measures for the establishment of a joint commission to increase cooperation in the natural gas sector, Mehr news agency reported.

“If [a deal is] finalized, a new natural gas pipeline will be built under the Persian Gulf waters; the pipeline is expected to transfer one billion cubic feet of Iran’s gas to Bahrain,” said Oji, who also heads the National Iranian Gas Export Company.

A joint working group has been set up to facilitate the signing of the major gas deal between the two regional states.

The Iranian energy ministry official said the gas transfer will be carried out in two phases, explaining that 500 cubic feet of natural gas will be sent to Bahrain each day in the first stage, while up to one billion feet of gas is expected to be dispatched to the Persian Gulf state if a final agreement is reached on the issue.

The remarks come as Iranian Oil Minister Massoud Mir-Kazemi and Bahraini Oil and Gas Affairs Minister Abdul-Hussain Bin Ali Mirza met last week to discuss the export of Iran’s natural gas to Bahrain.

Iran holds the world’s second largest-natural gas reserves after Russia.

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