Iran has started discussion with Oman on using spare capacity of Oman LNG, to process Iranian gas for exports. Addressing the annual media briefing, Dr Mohammed bin Hamad Al Rumhy, minister of oil and gas, said that Oman LNG has spare capacity of 1.5 million tonnes per annum, which can be used by Iran for liquefying their natural gas. Dr Al Rumhy said the serious discussion with Iran is for building a 260-km-long natural gas pipeline between the two countries to import natural gas. Iran has signed an agreement to export 10 billion cubic metres of gas per year to Oman in a deal that involves building a pipeline at a cost of about $1 billion. Both countries have signed a memorandum of understanding in 2014 for the sale of Iranian gas to Oman for a 25-year deal valued at around $60 billion. Oman’s natural gas production, which was at 103 million cubic metres per day in 2015, will increase substantially once BP’s Khazzan project starts production and Iran starts pumping gas to the Sultanate. (Times of Oman)