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Iran, Iraq, Syria sign $10B gas pipeline deal

Green Car Congress

Iran, Iraq, and Syria have signed a deal for the construction of the Middle East’s largest gas pipeline, which would carry gas from Iran’s South Pars gas field to Europe via Iraq, Syria, and Lebanon and beneath the Mediterranean Sea. Projected pipeline capacity is 110 million cubic meters of natural gas per day.

Syria 199
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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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The Abqaiq-Yanbu natural gas liquids pipeline, which runs parallel to the Petroline to the Red Sea, has a 290,000-bbl/d capacity. million-bbl/d Tapline to Lebanon. Use of the alternate routes would increase the cost of transportation. The East-West Pipeline has a nameplate capacity of about 5 million bbl/d.

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