Iranian petrochemical company sells 600K tons of LNG to Asian, European buyers

Business Materials 27 September 2014 16:55 (UTC +04:00)

Baku, Azerbaijan, Sept.27

By Fatih Karimov - Trend: Iran's Bandar Imam Petrochemical Company has exported 600,000 metric tons of liquefied natural gas (LNG), worth of $600 million, to Asian and European buyers in the first half of the current year.

Reza Amiri, the managing director of the Bandar Imam Petrochemical Company said that China is the main buyer.

"Meanwhile, a number of consignments have been exported to India and European countries," Iran's Mehr news agency reported on September 27.

Bandar Emam Petrochemical Company is Iran's largest petrochemical complex with 1.7 million metric tons of annual output.

Iran has removed obstacles for exporting liquefied natural gas (LNG).

The production control manager of National Iranian Petrochemical Company, Ali-Mohammad Bassaqzadeh said LNG tankers are available at reasonable prices to carry Iranian LNG, Iran's Mehr news agency reported on September 27.

Exports of LNG have increased over the past three months, he added.

Bassaqzadeh said that Iran's petrochemical production rose by 5 percent in the first half of the current year compared to the year before.

The petrochemical output has met the domestic market's need and has been exported as well, he said.

Iran's current calendar year began on March 21.