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Iran in billion-euro gas deal with Germany

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posted on Jan, 20 2010 @ 05:53 PM
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Iran in billion-euro gas deal with Germany


news.yahoo.com

Iran has signed a one-billion-euro (1.44-billion-dollar) deal with a German firm to build 100 gas turbo-compressors, an industry official said in newspapers on Wednesday.

The contract provides for the unnamed German firm to transfer the know-how to build, install and run the equipment needed to exploit and transport gas,
(visit the link for the full news article)



Related AboveTopSecret.com Discussion Threads:
US criticises Turkey-Iran gas deal




posted on Jan, 20 2010 @ 05:53 PM
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Iran has the world's second largest proven global gas reserves after Russia but so far has played only a minor role on the gas export market.

Iran is in a hurry to make this deal because Iran is anticipating further sanctions due to its nuclear arms making program. Get it done before the hammer falls!

Europe feels a growing need to get the gas flowing because Russia is the largest supplier now and Russia likes to use its gas as leverage to accomplish political goals. "You give us what we want or we shut off the gas!" LOL


The equipment and the know-how in the contract with the German firm will help Iran build plants to produce liquefied natural gas (LNG) and export it by ship.


news.yahoo.com
(visit the link for the full news article)



posted on Jan, 20 2010 @ 11:28 PM
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According to Oil and Gas Journal, Iran’s 2008 estimated proven natural gas reserves stand at 948 trillion cubic feet (Tcf), second only to Russia. Roughly two-thirds of Iranian natural gas reserves are located in non-associated fields, and have not been developed. Major natural gas fields include: South and North Pars, Tabnak, and Kangan-Nar. In 2007, Iran produced and consumed an estimated 3.9 Tcf of natural gas. Natural gas consumption is expected to grow around 7 percent annually for the next decade.


www.eia.doe.gov...

I don't think Iran is going to get new sanctions. IMO, Iran just has too much to offer. China needs their resources. In addition, the EU is in need of alternate routes to supply themselves with gas. Iran may be that alternative.

Iran has a lot to gain by giving Russia some competition.



posted on Jan, 21 2010 @ 02:28 AM
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reply to post by jam321
 








IMO, Iran just has too much to offer. China needs their resources. In addition, the EU is in need of alternate routes to supply themselves with gas. Iran may be that alternative.


That's a good take but the way Iran is acting? They act as if sanctions are coming. Acting as if they are the guilty party. Certainly EU is going to favor Iran if they have the 2nd largest deposit of natural gas in the region!

Probably hedging their bets!

Remember too that Russia has been courting Iran recently. Good to be friends with your competitors!



[edit on 21/1/10 by plumranch]



posted on Jan, 21 2010 @ 08:22 PM
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We all know Germany lost the free energy development in 1945
so buy gas cheap and market it to European nations, seems a good move.
The problem with America is its all alone.
America bought up everything around it.
It also ran out of Texas oil and are trying to lasso oil in far away places.



posted on Jan, 22 2010 @ 03:06 AM
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reply to post by TeslaandLyne
 





so buy gas cheap and market it to European nations, seems a good move.


I can agree with that. Iran seems to be playing that card for now!



posted on Jan, 22 2010 @ 03:19 AM
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www.nextenergynews.com...


Massive Oil Deposit Could Increase US reserves by 10x

America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant.

In the next 30 days the USGS (U.S. Geological Survey) will release a new report giving an accurate resource assessment of the Bakken Oil Formation that covers North Dakota and portions of South Dakota and Montana. With new horizontal drilling technology it is believed that from 175 to 500 billion barrels of recoverable oil are held in this 200,000 square mile reserve that was initially discovered in 1951. The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present but with prices bottoming out at $10 a barrel back then the report was dismissed because of the higher cost of horizontal drilling techniques that would be needed, estimated at $20-$40 a barrel.

It was not until 2007, when EOG Resources of Texas started a frenzy when they drilled a single well in Parshal N.D. that is expected to yield 700,000 barrels of oil that real excitement and money started to flow in North Dakota. Marathon Oil is investing $1.5 billion and drilling 300 new wells in what is expected to be one of the greatest booms in Oil discovery since Oil was discovered in Saudi Arabia in 1938.

The US imported about 14 million barrels of Oil per day in 2007 , which means US consumers sent about $340 Billion Dollars over seas building palaces in Dubai and propping up unfriendly regimes around the World, if 200 billion barrels of oil at $90 a barrel are recovered in the high plains the added wealth to the US economy would be $18 Trillion Dollars which would go a long way in stabilizing the US trade deficit and could cut the cost of oil in half in the long run.



Sorry, kind of off topic as you were talking about natural gas


[edit on 22-1-2010 by Bilw85]



posted on Jan, 22 2010 @ 12:08 PM
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Originally posted by plumranch
reply to post by TeslaandLyne
 





so buy gas cheap and market it to European nations, seems a good move.


I can agree with that. Iran seems to be playing that card for now!


So is it IRAN nukes we must put down or IRAN oil we must dig up.
Europe must be happy to get the energy supply and cares less about the US
interfering with IRAN affairs. Do I see a German - US battle going on.
German lost its edge as the carbon less Tesla energy sources are
locked up in America and they won't let go. That gotta hurt if anyone
ever realizes the situation.
ED: Germany developed a whopping new technology in the midst
of destroying itself.


[edit on 1/22/2010 by TeslaandLyne]



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