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"Iran LNG" going ahead as planned: official

Business Materials 26 August 2010 12:45 (UTC +04:00)

The managing director of Iran LNG Company stated that the "Iran LNG" project was still in hand and talks were being held with potential clients.

SHANA news agency quoted Ali Kheyrandish as saying the slow advancement of the LNG projects have been due to economic reasons and not related to political conditions and international restrictions.

He said the most important factor in carrying out LNG projects is the financial aspect of the project.

He pointed out that NIOC and foreign contractors have not been able to reach a deal for the development of LNG units due to monetary issues.

Iran has plans underway to produce 70 million tons of liquefied natural gas by 2015, becoming a major supplier to the world markets.

According to the National Iranian Gas Export Company's marketing manager, Alireza Qasemi-Javid, seven LNG production projects are being developed in the country to hit the target.

The Persian LNG project with an annual output of 16.2 million tons, the Pars LNG project with an annual capacity of 10 million tons, the Iran LNG project with an annual capacity of 10.8 million tons, the North Pars with an annual capacity of 20 million tons, the Golshan LNG project with an annual capacity of 10 million tons, and two other projects with a total production capacity of 3 million tons per year are the abovementioned projects.

According to Qasemi-Javid the Persian LNG and Pars LNG projects will become operational in 2014 while North Pars and Golshan projects will come on stream in 2015.

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