Gas

Since 1996 Poland has been getting the vast majority of its gas from Gazprom.

The operation of the Al Shaheen Field under the new arrangement runs for 25 years. starting on July 14.

The deal with Total increases Iran'.s energy security and is likely to encourage other foreign companies to invest in Iran.

France'.s Total signed a deal earlier this month to help Iran increase gas output from the giant South Pars gas field. which the country shares with Qatar.

Iran has the world'.s second-largest natural gas reserves and the fourth-largest oil reserves. according to the US Energy Information Administration.

The LNG market is expected to tighten in the mid-2020s on greater demand from China and India.

Qatar. the world’s largest LNG supplier and second biggest gas exporter after Russia. has some of the lowest production costs.

Plans are in place to increase the number of liquefied petroleum gas carriers to help NIOC establish a foothold in the global market.

Total will operate the SP11 project with a 50.1% interest. while Iranian Petropars company will have a share of 19.9% and the Chinese CNPC 30%.

Qatar is the world’s biggest producer of Liquefied Natural Gas (LNG). Qatar’s current production is up to 77 million tons per year.