Kuwait and Qatar to enter gas pipeline agreement
The governments of Kuwait and Qatar are currently in negotiations over the construction of a two-way gas line connecting the two states. The project’s total cost is expected to reach two billion dollars, reported Xinhua.
Qatar would supply Kuwait with gas via a 950-kilometer underwater pipeline that will pass by Bahrain and Saudi Arabia. Daily supply could range between 750 million and 1.4 cubic meters. Providing that negotiations are completed by the summer, operations could go on stream by 2006.
Qatar holds the largest gas basin in the world, the North Field with reserves estimated at more than 10 trillion cubic meters. The country’s sharp economic growth in 2001 has been attributed to the major gas projects that were launched to tap the country’s resources. — (menareport.com)
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