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FINANCIAL NEWS
Bahrain postpones plans to import Iranian gas
23 May 2011
(MENAFN) Bahrain’s foreign minister, Sheikh Khalid bin Ahmed bin Mohammed Al Khalifa, said that due to a diplomatic dispute between Bahrain and Iran that resulted from Iran’s meddling in Bahrain’s internal affairs, Manama paused its plans to import Iranian gas, reported The National.
Al Khalifa added that his country halted the project by which Iranian fuel would be transferred to Bahrain through a proposed undersea pipeline, since Iran deliberately interfered in Bahrain’s affairs, adding that the frequent offensive remarks from the Iranian side would form an obstacle to any deals between the two countries.
He also said that Bahrain, which is a Sunni led country and its population are primarily Shia, took firm measures to put down the protests that Iran fueled in recent months.
It is worth noting that three years ago, Bahrain signed a preliminary agreement to import 1 billion cubic feet of gas per day from Iran and the two countries began negotiating the construction of a pipeline, nevertheless, the talks were postponed in 2009 after an Iranian official declared that his country had sovereignty over Bahrain, Tehran apologized and the talks on a proposed 25 year gas supply contract resumed.
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