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Iran to export gas to Oman by 2020, re-route pipeline to avoid UAE waters

Iran will begin exporting natural gas through a pipeline to Oman by 2020 after re-routing subsea path to avoid waters controlled by United Arab Emirates, Iranian officials said. The Persian country is looking to establish LNG supply routes to Europe and Asia through Oman as it races towards re-building and developing infrastructure for its huge oil and gas reserves after years of trade sanctions were lifted a year ago. Oman and Iran agreed on a 25-year gas supply deal in 2013, valued at over $60 billion. Despite renewed efforts on the project after the lifting of sanctions, disagreement over price and U.S. pressure on the Gulf sultanate to find alternative suppliers has delayed the project. « The two countries agreed that the gas exports pipeline avoids waters controlled by the United Arab Emirates and passes through deep waters, » Iran