Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Natural Gas

Oman natgas pipeline with Iran on track despite US sanctions: minister

Energy | LNG | Natural Gas | Natural Gas (European)

European gas markets: On a knife's edge

Natural Gas | Oil

Platts Wellscape P2P

Commodities | LNG | Natural Gas | NGL | Financial Services | Infrastructure & Utilities

Gas Storage Outlook Conference, 18th Annual

Energy | Natural Gas | Natural Gas (European)

UK's Ascent eyes conventional expansion of flagship Slovenia gas field

Oman natgas pipeline with Iran on track despite US sanctions: minister

Vienna — Oman plans to still go ahead with a giant $1.5 billion natural gaspipeline linking the sultanate with Iran despite the threat of US sanctionsimposed on the Islamic republic, according to the Gulf Arab state's oilminister.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Agreed in 2013, the subsea pipeline will deliver 1 Bcf/d of gas to Omanpotentially for processing into LNG and also for domestic consumption.

"We are still going ahead," said Mohammed al-Rumhy, speaking ahead ofOPEC's formal meetings on Friday. "Formally, we are still waiting for thedetail of the sanctions. On paper we're sending the tender documents tocompanies interested all over the world."

US sanctions targeting Iran's energy sector are due to come into force inNovember but are expected to focus on its oil industry. Oman's ongoingcommitment to its gas link with Iran is in contrast with other potentialpartners.

France's Total said in May it would unwind all its operations in relationto Iran ahead of November 4. The company had signed a $2 billion deal todevelop some of Iran's giant South Pars natural gas field.

Oman needs the gas to meet rising demand and to augment supplies fromQatar delivered through the cross-border Dolphin pipeline, which runsthrough the United Arab Emirates. Consumption in the sultanate more thandoubled in the decade leading up to 2016, according to the EnergyInformation Administration.

The country also exports significant volumes via its LNG plants at Qalhatbut has increasingly had to divert supplies to meet domestic demand.

Oman is allied to OPEC despite being outside the 14-member group. Theminister also said the country has capacity to pump 1 million b/d ofcrude and could increase output within weeks if required.

Despite planning to go ahead with the Iranian gas pipeline line, Al-Rumhysaid the state requires more information on the details of US sanctions.

"In fairness we are concerned," he added. --Staff,

--Edited by James Leech,