Gulf-wide gas pipeline a distant dream
Abu Dhabi, November 3, 2008
A Gulf-wide gas pipeline may be a distant dream as negotiations are currently revolving on a bilateral rather than multilateral basis, two Gulf oil ministers said on Monday.
'The trend now is bilateral, (rather) than multilateral discussions,' Mohamed bin Hamed Al-Rumhy, Oman's oil minister told Reuters on the sidelines of an oil and gas conference.
'It is easier for two or three to agree than five or six,' he said.
The Gulf's first cross-border gas project, the Dolphin project, initiated by the United Arab Emirates to import gas from Qatar and export to Oman, is a 'great project' but it is limited to three countries for now, said Abdulhussain bin Ali Mirza, Bahrain's oil minister.
Asked if a Gulf Cooperation Council-wide gas network project could be worked out, he said, 'not in the near future.'
Earlier this week, Oman received gas under the Dolphin project. - Reuters
More Energy, Oil & Gas Stories
- S Korea to pay Iran $550m under nuke deal
- Qatar LPG exports will stay unchanged till 2018
- $14bn Bahrain energy sector focus for summit
- Iraq now world's fastest-growing oil exporter
- Old IT systems pose risk to oil firms
- Thomson Reuters adds commodity monitoring tool
- Oil below $90 to hit GCC economies
- GlassPoint appoints new Oman director
- Sheffield company opens Dubai hub
- Oman targets big rise in gas output
- Intertek buys UAE firm for $66m
- Qaiwan to tender Baizan refinery EPC contract
- Al Maha wins Oman Air fuel supply deal
- Iran to become top gas importer by 2025
- UAE hydrocarbon projects seen hitting $11bn
- Summit focus on occupational safety
- Aramco names new senior VP
- Siemens gets $253m Qatar power contract
- Taqa-led group's India deal worth $1.6bn
- Taqa-led group to buy India power plants
- Iraq oil exports hit record 2.8m bpd
- Korean refiners eye more Iraq crude
- Dana starts Egypt gas plant upgrade
- Opec oil production hits new high in Feb
- Taqa-led group to buy Indian hydropower plants
- Schneider gets energy management certification
- Morocco moves ahead with $1.7bn wind farms
- Iraq approves power plant investments
- 670,000 oil & gas wells ‘need to be drilled’
- Qatar bourse celebrates Mesaieed listing