Iran invites Turkey to invest in LNG projects
Baku, Azerbaijan, Oct. 13
By Emil Ilgar – Trend:
Iran invited Turkey to invest in its LNG projects, the spokesman of National Iranian Gas Company Majid Bujarzadeh said Oct.13.
He added that currently Iran exports 30 million cubic meters per day of gas to Turkey, and Tehran is ready to increase this volume, Daily Sabah reported.
Bujarzadeh said that Iran expands its infrastructure to be able to boost gas export to Turkey.
“The gas export growth volume depends on Turkey. If Ankara wants more gas, we are ready,” he added.
Bujarzadeh has participated in the World Energy Congress 2016 in Istanbul.
He also said that Iran can evaluate the possibility of gas transit through Turkey to the EU.
Iran has a 10.4-million ton capacity LNG plant, completed by 50 percent. The country had invested $2.5 billion in “Iran LNG” project during the last decade, but completion of that was stopped due to sanctions.
The sanctions on Iran were eliminated in January 2016. Iran had announced the final needed investment for the project would be around $5 billion last decade, but Tehran hasn’t revealed any concrete estimation about the current cost of Iran LNG plant.