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National Iranian Oil Company`s (NIOC) is holding negotiations with European and Asian gas firms to restart incomplete LNG projects. said Deputy Head for Engineering and Development Affairs. Gholamreza Manouchehri.
he said Iran should turn to LNG exports as shipment of liquefied gas is less risky compared to piped exports and is more cost-effective for long-distance consignments.
Russia. France. Romania. Lithuania and China have shown interest in the LNG projects. he added.
Manouchehri said that the ‘Iran LNG’ project has witnessed a progress of 60 per cent with $1.85 billion in investment before international sanctions were imposed. Talks are underway to complete it in two years at a total cost of $3-4 billion. he noted.
