Iran News ...


7/22/03

Iran a potential gas supplier to UK

The British government has included Iran as a potential gas supplier to the UK when the country becomes increasingly dependent upon imports over the next decade, IRNA reported from London.

It is anticipated that Britian's dependency on imported gas will rise to around 50 percent in 2010 and by as much as 80 percent in 2015 as current supplies from its sector in the North Sea dwindle.

"In the longer term, British suppliers may contract for pipeline gas from Russia, from other former Soviet Union countries, from Middle Eastern suppliers such as Iran, and from elsewhere," Energy Minister Stephen Timms said.

Iran has the second largest gas reserves in the world after Russia and it has often been suggested that its pipeline to Turkey has the potential of being expanded to provide supplies to Europe.

In a written reply to parliament, Timms said the government's energy white paper notes that the expansion of the liquefied natural gas market (LNG) would also add to diversity and security and provide competition to piped gas.

One active project being considered is to bring LNG from Qatar, which shares the giant South Pars field with Iran. The energy minister said LNG imports could come from a variety of Atlantic Basin or Middle East sources.

Currently, the UK already receives gas imports from Norway that are set to increase. A gas interconnector has also been proposed to enable gas supplies to be piped in from the Netherlands.

Such is the concern about the dwindling oil and gas supplies from Britain's offshore industry in the North Sea that the government has made the future security of energy supplies into a foreign policy priority.

... Payvand News - 7/22/03 ... --



comments powered by Disqus

Home | ArchiveContact | About |  Web Sites | Bookstore | Persian Calendar | twitter | facebook | RSS Feed


© Copyright 2003 NetNative (All Rights Reserved)