Iran News ...


12/5/04

Iran determined to increase LNG output

Tehran, Dec 5, IRNA -- The National Iranian Gas Export Company (NIGEC) has stepped up efforts to allocate the required feed and other logistics to three LNG big projects in southern Iran in a determined bid to push Iran's LNG output.

The English-language daily 'Tehran Times' on Sunday quoted NIGEC chief Roknaldin Javadi while addressing a conference in London as saying to achieve the goal it would be necessary to set aside another phase of the giant South Pars gas field development project to producing feedstock for phases 11-13.

NIGEC, a subsidiary of the National Iranian Oil Company (NIOC), is pushing ahead with implementation of the NIOC LNG project, which has a target output of 10 million tons of LNG per year.

Although the project is wholly owned by NIOC and NIGEC, the two companies are inviting participating by international companies that are in a position to guarantee secure markets for LNG exports.

The project will be commissioned by 2008.

Another project underway is the Persian LNG, in which Shell and Repsol have a share of 25 percent each and NIOC the remaining 50 percent.

Persian LNG has two trains with a total capacity of 14 million tons a year. The production of 7 million tons a year of one train is currently being exported to India and Europe.

The third big project is the Pars LNG in which the French oil company Total has a 30 percent stake, Malaysia's Petronas 20 percent and NIOC 50 percent.

The project's projected output is 10 million tons a year which will be exported to Southeast Asia and Europe. Commissioning of the project is expected to be in 2010.

Implementation of the three projects is expected to push the boundaries of current LNG technology.

... Payvand News - 12/5/04 ... --



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