According to the Gulf Daily News, Bahrain has reached an agreement with Iran for the import of one billion cubic feet of natural gas per day via pipeline. The oil and gas minister of Bahrain, Abdulhussain Mirza, met with his Iranian counterpart, Ghulam Hussain Nowzari, on October 20 to discuss the terms of the deal. The agreement envisions further negotiations on both price and term. Dr. Mirza noted that “the idea is to secure enough gas supply for [Bahrain’s] future needs.”Bahrain plans to construct an LNG regasification terminal in order to import gas from other countries as well.
