Iran, South Korea ink deal to co-op on mini-LNG technology
Baku, Azerbaijan, June 13
By Fatih Karimov – Trend:
Iran and South Korea signed a memorandum of understanding for cooperation to develop mini-LNG (liquefied natural gas) unit technology.
The technological cooperation document was signed between an Iranian consortium, headed by National Iranian Gas Company (NIGC), and a South Korean consortium, headed by Oceanus, SHANA news agency reported.
The South Korean consortium includes KITECH, DongHwa Entec, Sung-IL Encare, Gs E&C, KoGas Tech and KGS, while LNG Institute of Tehran University (ILNG), the Research Center of Petroleum Industry (RIPI) and some other local engineering companies are members of the Iranian consortium.
Saeed Pakseresht, research and technology director at the NIGC, said that under the MoU, the two sides will cooperate to develop the technology needed for manufacturing ISO containers for LNG units in the coming four years.
The two parties will enjoy the patent rights of the technology, he said, adding that this type of LNG containers can be easily transported and used in different areas due to their special and compact design.
The ISO containers are capable of storing LNG in a cryogenic state for up to 75 days, providing enough time for the cargo to reach its destination, and serve as a viable means of storage.
Iran targets exporting 0.5-2 million tons per year of LNG using mini-LNG plants and LNG vessels.