Iran rejects French flare gas collection proposal as unreliable
Baku, Azerbaijan, September 13
By Khalid Kazimov -- Trend:
It seems that the French proposal on accompanying gas in Forouzan Field might not be a decent offer because their calculations criteria and hypothetical dimensions are not so precise and they have not offered a specific reference, Deputy CEO of the National Iranian Oil Company in Investment Ali Kardar said.
Kardar's statement followed a question about a French proposal to collect gas from burning towers at Iran's Forouzan field.
"The French company's proposal to produce LNG from torch gas at Forouzan has not got anywhere to be reliable," he said, Fars news agency reported September 13.
He added there is no other similar project underway, noting that the main problem with this kind of projects is the price offered by the Ministry of Energy for buying the electricity produced out of such projects.
He said a new budget plan envisions pricing the electricity with formulas similar to those set for renewable energy resources so that the projects are welcomed.
The amount of gas burned at Platform FZ of the Forouzan is 5.4 million cubic meters per day.
Oil Minister Bijan Zanganeh had recently said that with new plans to produce electricity out of the flare gas, about 25 percent of the flares will be removed.