OPERATIONS

Iran to increase LNG capacity

THE Iranian government intends to increase its national LNG output capacity by developing or expa...

Iran to increase LNG capacity

Speaking at a conference in London, Javadi said NIGEC had stepped-up its efforts on three projects located in southern Iran.

The first project was a JV between NIGEC and its parent firm the National Iranian Oil Co (NIOC), which has a target of 10 million tons of LNG per annum and was due to be commissioned in 2008. Roknaldin said the partners were inviting international firms that could guarantee secure markets to join in the project.

The second project is the Persian LNG consortium, a JV between NIOC (50%), Royal Dutch/Shell (25%) and Repsol (25%). It has two trains and a total capacity of 14 million tons per annum. One train is currently being exported to Europe and India.

The final project is the Pars LNG project, as JV between NIOC (50%), Total (30%) and Petronas (20%). Due to be commissioned in 2010, the project is aimed at producing 10 million tons of LNG per annum which will be exported to Europe and SE Asia.

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