News Regions Hardcopy Market Data Careers Web- tv Events Subscribe Focus About Upstream Advertise

Iran moves towards Nabucco nod

Iran can participate in the EU backed gas Nabucco pipeline if Washington normalises relations with Tehran, the US Secretary of State's Special Envoy for Eurasian Energy said today.

The Nabucco pipeline, conceived as a way to decrease Europe's dependence on Russian natural gas has been unable to find sufficient throughput for the 31 billion cubic metre pipeline.

The project is competing with the rival Russian-backed South Stream project to feed growing European gas consumption.

Nabucco consortium member Turkey has supported Iran's participation in the project, but the idea has been largely dismissed due to US opposition to Iran's participation in the pipeline.

Iran has the world's second largest gas reserves, almost 16% of the world's total, but currently has no major net exports, partly because US and UN sanctions have deterred investment by Western company’s with expertise and technology.

Special Envoy Richard Morningstar also said that the US supported the supply of natural gas from northern Iraq to Europe through the pipeline, an idea put forward by a group of European and Arab energy companies last month.

However Baghdad has said it would block the $8 billion project.

e-mail this to a friend

e-mail this to a friend

FREE Daily newsletter print
most popular
search
subscriber login
recruitment

Specialists Needed

ConocoPhillips is an international, integrated energy company. It is the third-largest integrated energy company in the United States based on market capitalization and oil...

ConocoPhillips

Strategic Advisors

Our client, a multinational petrochemical company, is seeking to recruit experts in the Gulf and North African gas sector.

Mellaart

Offshore Shipbroker

Maersk Broker wish to further strengthen our team responsible for Specialised Tonnage, and are looking for dynamic and professional Shipbrokers who can actively participate...

Maersk Broker

Business Development & Commercial Manager

OMV Exploration & Production

Lead Civil Engineer

Air Energi

Chief Engineer

Faststream

Construcion Manager

Sheffield Offshore

HSE Safety Advisor

Air Energi

E & I Inspector

Air Energi

Surveyor

Faststream

click here for all positions
news from other nhst publications