This is one of six natural gas supply agreements worth a combined $5 billion.

Farzad-B was discovered by OVL in the Farsi block about 10 years ago.

The initial capacity of IGB will be 3 billion cubic meters of gas.

LNG import prices in Japan. the world’s biggest buyer. averaged about $9 per million British thermal units in 2009.

Iranian Offshore Oil Company is one of the largest offshore oil producers in the world.

NPC is the chief regulatory body in the petrochemical sector.

Höegh LNG has one of the world’s biggest fleets of TMC compressors for FSRUs.

Kish field is planned to be developed in five phases.

Global oil supply fell by 140.000 bpd in April to 96.17 million bpd.

The delay of additional oil product supplies in Asia could be good news for refiners. but could weigh on the crude oil market.