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Iran to take part in world’s biggest LNG exhibit

Business Materials 28 December 2009 16:46 (UTC +04:00)

Iran LNG Company will represent Iran in the 16th International Conference and Exhibition on Liquefied Natural Gas (LNG 16) in Algeria.

LNG 16 will be held in Oran, Algeria's second-largest city, from 18th to 21st April 2010, the Mehr News Agency reported.

World's greatest companies such as Royal Dutch Shell, France's Total, Exxon Mobil Corporation, Chevron, Algeria's Sonatrach, South Korea's Samsung, Qatar's RasGas, Germany's Siemens, and Malaysia's Petronas, as well as Iran LNG Company will take part in the three-day event.

It is the first time that Iran is participating in the world's biggest LNG conference and exhibition.

Iran LNG plant is being built at Tombak Port, approximately 50 kilometers north of Assaluyeh in Bushehr Province. Construction of the LNG plant started in 2007. The project includes two LNG trains each with a capacity of 5.4 million tons of LNG per annum.

The project is expected to become operational in January 2011 with a total cost of $4.35 billion for the downstream facilities. The liquefaction plant will be developed in two phases, each projected to produce 10.5 million tons of LNG annually.

Once the plant comes on stream Iran will join the world's LNG exporters.

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