Iran, Turkey near $5.5 billion gas deal
PressTV / PressTV
24-Mar-2010

Turkish Energy Minister Taner Yildiz says there is a "complete political
support" in Ankara for signing a 5.5-billion-dollar gas deal with Iran.

Yildiz said that Turkish officials will make a final decision about
investment in the Iranian giant South Pars gas field within two weeks.

"We will decide within two weeks on our final decision on the
investment in Iran," Yildiz told Reuters on Tuesday.

He added that Turkish companies are carrying out feasibility studies
in the gas field to prepare the ground for finalizing the deal.

"This project has complete political support, but companies are
carrying out the talks ... If the feasibility is not high we will not
continue," he said.

South Pars gas field is estimated to hold about 14 trillion cubic
meters of gas, or about eight percent of total world reserves.

Turkey supports the idea of using Iranian gas as throughput for the
European Union-backed Nabucco pipeline project aimed at reducing
Europe's dependence on Russian gas.

Iran currently exports 25 million cubic meters of natural gas to
Turkey per day and the figure could be increased to 30 million cubic
meters a day if necessary.

Iran possesses the world's second largest gas reserves after Russia.
Energy analysts believe Iran can reliably supply energy to Europe.

>>>
recommended by IranMilitaryForum.net

Share/Save/Bookmark