Iran General NewsIran, China sign $3.2 billion gas deal

Iran, China sign $3.2 billion gas deal

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ImageAP: State TV says Iran and China have signed a $3.2 billion gas deal to produce more than 10 tons of liquid natural gas.

The Associated Press

ImageTEHRAN, Iran (AP) — State TV says Iran and China have signed a $3.2 billion gas deal to produce more than 10 tons of liquid natural gas.

The deal was signed in Tehran between Iran LNG Company and a Chinese-led consortium, the report said.

The Chinese company will build a line to liquefy gas in Phase 12 of the giant South Pars Gas Field in southern Iran. It didn't give further details.

The United States is pushing for China and others to abide by United Nations sanctions aimed at pressuring Iran to rein in its nuclear program.

Iran has trumpeted recent energy deals as a vindication against U.S. efforts to isolate Tehran.

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