Iran intends to convert exported gas to LNG in Oman, thus accessing Far East Asian and European markets.
Certain officials and experts say regarding spiraling cost of building pipelines for export of gas to Europe, which will be three to four kilometers long, using Oman's vacant LNG capacity will be the best choice.
Tehran and Muscat had in March 2014 reached agreement on laying the pipelines, a project estimated to cost close to 60 billion dollars.
Based on the Iran-Oman 2013 accord, Iran will for a period of 25 years export up to 20 million cubic meters of gas to Oman a day through pipelines, passing through the Persian Gulf bed. Iranian gas will be transformed into LNG in Omani LNG facilities and then will be exported to the world markets.
