Iran warns energy firm over gas pipeline accord
Vienna, September 13, 2008
Iranian Oil Minister Gholam Hossein Nozari on Friday warned Austrian energy giant OMV that it should sign a deal on the Nabucco gas pipeline soon or Tehran might look for other partners.
"The Austrians must hurry up and turn the preliminary contracts into actual contracts, because time is running out and we won't wait forever," Nozari told the Austrian daily Wiener Zeitung.
Iran had "many options," he warned.
"The Islamic Republic has never signed as many new contracts as this year," he added, citing deals with countries such as India, Pakistan, Switzerland and Venezuela.
OMV is one of six shareholders in the slow-moving Nabucco gas pipeline project, aimed at bringing gas from Central Asia to Europe while bypassing Russia.
But the consortium, which also includes MOL of Hungary, Transgaz of Romania, Bulgargaz of Bulgaria, Botas of Turkey and RWE of Germany, has struggled to get construction underway in the absence of sufficient investment. There are also fears there may not be sufficient gas supply to make the pipeline viable.
Iranian Foreign Minister Manouchehr Mottaki said in January that Tehran was prepared to supply gas to Nabucco and Nozari added that he was optimistic a deal could be made.
"Everybody has recognised that the Nabucco project cannot work without Iran: a country with 16 per cent of the world's gas reserves cannot be ignored," he said.
"I see that the Austrians are very interested in bringing the project to a positive conclusion. Europe needs Iran and Austria, which has excellent relations with us, should set an example," he added.
More Energy, Oil & Gas Stories
- Egypt will get oil aid from Arab states
- New technology for Bahrain's gas industry to save $300m
- Innovations key focus at Geoscience expo
- Iran seals gas export deal with Oman
- Total unit inks Elf Lubricants agreement
- Opec raises forecast for 2014 global oil demand
- Mitsui joins DME as trading member
- GE Power Conversion wins major SEC order
- Basra Light crude exports to rebound in April
- Aramco to produce unconventional gas for projects
- Alstom opens smart grid centre in Dubai
- Experts discuss key geosciences issues
- Egypt to permit factories to use coal for energy
- ME oil, gas transaction value up 15pc
- Victrex to showcase new product in Paris
- Aramco JV puts off giant refinery overhaul to 2015
- Libya threatens to bomb N Korean tanker
- Bahrain 'producing 850MW of surplus power'
- 2,000 experts for Bahrain geosciences summit
- Libyan rebels start oil exports, bypassing govt
- Dubai drilling company set for London IPO
- Opec output soars on higher Iraq exports
- 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