Iran, Syria and Iraq will finalize a major gas pipeline contract this week. The pipeline could transport over 40 billion cubic meters of Iranian gas from South Pars region to Mediterranean countries.The contract would be the largest of its kind in the Middle East and a MOU has already been signed among officials of the three neighboring Muslim nations.The proposed 5600 km/ 56 inches Iran-Iraq-Syria pipeline would be called the Islamic Pipeline and could potentially transport up to 40 billion cubic meters of Iran’s massive natural gas to the two countries as well as Lebanon.
Syria uses 15-20 million c/m, Lebanon 5-7 million c/m and Iraq consumes between 10-15 million c/m of natural gas per day respectively. Accordingly there’s the possibility of linking the Islamic Pipeline to the NABUCCO pipeline currently under construction.According to experts the NABUCCO pipeline which would transfer Caspian region’s natural gas to Europe could ultimately face sever supply problems in the future if it fails to attract massive Iranian natural gas for its own long-term benefits.
[also see...Energy wars and the destabilization of Syria- Geopolitics at it's worst http://pennyforyourthoughts2.blogspot.com/2011/07/energy-wars-and-destabilization-of.html