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Kuwaiti official: Iran-Kuwait gas pipeline project strategic

Kuwait City, May 6, IRNA -- Managing Director of Kuwaiti Oil Company Nader al-Sultan has said the gas pipeline project for transfer of Iran's natural gas to Kuwait is of strategic importance.

Al-Sultan was quoted by the Thursday edition of daily 'Al Siasiah' as saying that establishment of a common gas network by all the Persian Gulf littoral states in partnership with Iran would help balance the supply and guarantee stability on regional gas market.

He said that for the same reason his country intends to meet a part of its gas needs from Iraq and Qatar and putting gas purchase from Iran on its agenda.

He added that National Kuwaiti Oil Company experts are in constant talks with oil officials of the three states.

Fall in Iranian people's oil consumption in summer would provide Kuwait and other consumer states with a good chance to purchase the country's oil surplus, he added.

The Managing Director of Kuwaiti Oil Company had previously predicated conclusion of a gas deal by Iran and Kuwait soon, putting the date of gas imports from Iran in 2007.

Kuwait officials have times and again stressed that they are interested in buying about 300 million cubic feet of gas from Iran per day.

Kuwaitis consider Iranian gas as a top quality product, with ample applications in petrochemical industries, production of liquid gas and in many other economic related fields.

... Payvand News - 5/6/04 ... --

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