Iran General NewsIran aims to export first LNG in late 2010

Iran aims to export first LNG in late 2010


ImageReuters: Iran plans to export its first liquefied natural gas in late 2010, possibly to some European countries and China, a senior official of Iran LNG said on Monday.

ImageABU DHABI, May 26 (Reuters) – Iran plans to export its first liquefied natural gas in late 2010, possibly to some European countries and China, a senior official of Iran LNG said on Monday.

Construction of the country's first LNG plant began at Tombak in south Pars over a year ago.

"The Iran LNG plant has two trains, the first train will be ready by end of 2010 and that is when the first shipment will be made," M.K. Shahroudi, commercial deputy managing director at Iran LNG told Reuters on the sidelines of a project finance conference.

"We are in negotiations with several companies in several countries. Mostly, our LNG exports could go to Europe and China. It depends on negotiations," he said, adding that initially 2.5 million tonnes of LNG will be exported, rising to 10.8 million tonnes within one year.

The second train is due for completion in 2011.

Two other LNG projects, the Pars LNG and Persian LNG where France's Total and Royal Dutch Shell respectively had stakes, are on hold due to "certain issues" he said without elaborating.

Shell pulled out of Phase 13 of the giant South Pars gas field project this month after coming under pressure not to participate from U.S. lawmakers concerned about Iran's nuclear programme. It said it may join at later stages of the project known as Persian LNG.

Total has said it expected no decision on the South Pars gas field in the short term but was interested in the country in the long term.

Iran has said it wants Total to commit to the deal by the middle of this year, while the French government, which is concerned about Iran's nuclear programme, has urged Total not to invest.

"Iran LNG is moving ahead and Iran does not need gas, we have enough, so everything will be exported," he said.

Each of the two Iran LNG trains, will have a capacity of 5.4 million tonnes per year, he said. The plant is being built by a consortium of Iranian and foreign companies, he said, declining to name the companies.

"We have several companies involved in this project because we have split the project into six packages."

(Reporting by Stanley Carvalho)

Latest news

Iran’s 2023 Budget Shrouded In Doubt

On January 22, the Majlis (parliament) approved the draft of the 2023 budget bill proposed by regime president Ebrahim...

Iran: People of Khoy Still Reeling From 5.9-Magnitude Earthquake

An earthquake with a magnitude of 5.9 struck northwest Iran on Saturday, killing at least three people and injuring...

Iran’s Unsolvable Air Pollution Problem

Air pollution will remain at dangerous levels and will increase for the next few days in most big cities,...

The World Must Acknowledge the Iranian People’s Right to Self-defense

Victor Hugo once said: “When dictatorship is a fact, revolution becomes a right.” Throughout history, this has been the...

Iran: 60% Of Population Is Poor

The livelihood baskets of the Iranian people are shrinking dramatically. This, in turn, has introduced new concerns to protect...

The implications of EU’s terrorist designation of the Revolutionary Guards (IRGC)

The European Parliament called on January 18 for the European Union to list Iran's Revolutionary Guards (IRGC) as a...

Must read

EU gives Iran two more weeks in nuclear standoff

Reuters: The European Union agreed on Saturday to try...

Bush extends “national emergency with respect to Iran”

Iran Focus: London, Mar. 10 – United States President...

You might also likeRELATED
Recommended to you