Gas

Under these alliances. Japex will own 33% of the power plant business.

The pipeline will address gas shortages in the Semnan. Golestan. Mazandaran. North Khorasan. Khorasan Razavi. and South Khorasan provinces.

Last winter. Turkmenistan breached a deal with Iran by cutting gas supplies.

Tokyo Gas. Osaka Gas. Mitsui set sights on Philippine LNG project.

Tehran seeks to raise gas production capacity to 1 billion cubic meters per day by March 2018 on the back of bigger supplies from South Pars.

Novak said Monday he is meeting with his Kuwaiti counterpart to discuss LNG exports.

Crimea is subject to EU sanctions on energy equipment after Russia annexed the Black Sea peninsula in 2014.

The development of Phase 11 of the South Pars project will cost up to $5 billion.

Iran and Italy have signed deals potentially worth billions in sectors including energy. railways and defense.

The pipeline will supply gas to Russia'.s domestic market as well as the Chinese market.