Tag Archives | Liquefied natural gas (LNG)

RIPI signs LNG Deal with Fortune

The Research Institute of Petroleum Industry (RIPI) has signed a memorandum of understanding (MoU) for Chinese company Fortune and a domestic investor for the design and construction of a 500,000-ton LNG plant. According to the institute, the document was signed on Tuesday, April 25, 2018, between RIPI’s director of technology and international relations and the […]

Tehran, Muscat to close Gas Deal by July: Iran

Iranian Minister of Petroleum Bijan Zangeneh says Tehran and Muscat will finalize a gas deal by the end of June 2018. The deal concerns construction of a subsea gas pipeline to transfer Iranian natural gas to the Sultanate of Oman, IRNA reported. Speaking in Muscat on Wednesday evening, Mr. Zangeneh said the agreement for construction […]

Gazprom interested in Developing 4 Iran Gas Fields

Iranian Minister of Petroleum Bijan Zangeneh says Russia’s gas major, Gazprom, is interested in developing four gas fields in Iran. Speaking in a televised interview on Saturday night, the official said: “Iran has signed memoranda of understanding (MoUs) with Gazprom for carrying out studies on development projects of Farzad A, Farzad B, North Pars and […]

Tehran, Seoul Discuss Enhanced Energy Cooperation

Iran and South Korea engaged in talks on energy cooperation and trade in areas like liquefied natural gas (LNG), crude oil sale and financing oil and gas projects. Following a meeting with visiting South Korean Minister of Land, Infrastructure and Transport (MOLIT) Kim Hyun-mee in Tehran on Tuesday, Iranian Minister of Petroleum Bijan Zangeneh said […]

Iran World’s Third Largest Natural Gas Producer

Iran has been named the worlds third largest natural gas producer in 2016, according to the International Energy Agency (IEA). The IEA in its report said Iran had produced 190 billion cubic meters (bcm) of gas last year which it said was 5.3 percent of world’s total. The agency in its report said the US […]

NITC says shipments to Europe Increasing

By John Lee. A senior executive at the National Iranian Tanker Company (NITC) has said its shipments to Europe are increasing daily, and the company plans to upgrade its fleet to support further expansion. Mohammad Reza Shams Dolatabadi told Reuters on Monday that the NITC plans to replace some of its older tankers with new […]

Philippine Firm Says to Build LNG Plant in Iran

The President of state-owned Philippines National Oil Co. (PNOC) Pedro Aquino said the Southeast Asian country plans to build an LNG (Liquefied natural gas) plant in the Islamic Republic. Aquino, who was in Tehran for Iran Oil Show 2017, said PNOC has reached an agreement with the National Iranian Oil Company (NIOC) to set up […]

LNG Exports to EU – Iran courts Total

Iran’s petroleum minister has hinted that the country is looking into the possibility of bringing in the French energy giant Total to develop a key project to liquefy natural gas for exports to Europe. Bijan Zanganeh told reporters that serious talks with Total were underway over the development of Phase 11 of Iran’s South Pars […]

Total seeks $4bn Stake in South Pars Gas Gield

Total is seeking a 50 percent stake in a $4 billion project in Iran’s giant South Pars gas field, the French energy firm said in a regulatory filing detailing talks held with Iranian officials on several projects in 2016. Total signed a preliminary deal for the South Pars project last year, becoming the first Western […]

Total “in talks” to buy Iranian LNG Project

By John Lee. French oil major Total is reported to be in talks to buy a multi-billion-dollar stake in Iran’s partly-built liquefied natural gas (LNG) export facility, Iran LNG. According to Reuters, the company is aiming to buy into the project at a discount to the pre-sanctions price in exchange for reviving the project, which […]

Pakistan Seeking to Revive Talks over IP Gas Pipeline

A senior Pakistani official said the country’s Ministry of Petroleum and Natural Resources is waiting for a green light from the Economic Coordination Committee (ECC) for resuming stalled negotiations with Iran on laying a major gas pipeline between the two countries. “The Finance Division, Ministry of Foreign Affairs and Ministry of Planning have already endorsed […]

Iran to Improve Fuel Bunkering Services to Its Ships

Iran has plan to improve fuel bunkering services to its oil tankers across the world, Managing Director of National Iranian Tanker Company (NITC) Ali Akbar Safaei said on Tuesday. By recognizing the existing capacities and improving the infrastructure, Iran can enhance the capability for providing bunkering services to its ships across the world, he added. […]

Gazprom ‘Keen to Participate’ in Iran Gas Projects

The Russian energy minister said the country’s gas giant, Gazprom, is eager to develop gas projects in Iran. Gazprom is interested in marketing project of liquefied natural gas (LNG) and natural gas in general in the Islamic Republic of Iran, Alexander Novak said, according to a report carried by Russian business daily Vedomosti on Monday. […]

Foreign Investors Bid for Iran LNG Project

The Managing Director of the National Iranian Gas Export Company (NIGEC) has said that foreign companies are ready to enter venture projects with Iran for LNG production. Ali-Reza Kameli said technical assessment of the LNG project of Iran will be completed in about three months. He said under the project the factory for liquidification of […]

Lithuania may Invest in Iranian LNG Projects

Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia has said Lithuania has expressed willingness to invest in Iran’s Liquefied Natural Gas (LNG) projects . Lithuania is eager to participate in Iran’s LNG projects as well as its oil sector, Zamaninia said after a meeting with the Eastern European country’s Deputy Energy Minister Aleksandras […]

Norwegian Firm close to £600m Petchem Deal

By John Lee. A Norwegian oil and gas company is reported to be close to finalising a $600-million petrochemical contract in Iran. According to The Financial Times, the contract will be a 50/50 joint venture between Hemla Vantage and the Kharg Petrochemical Company, a quasi-privately-owned company, to produce and export liquefied national gas and liquefied […]

Iran Begins LNG Exports to Kenya, Tanzania, S Africa

Iran has started exports of liquefied natural gas (LNG) to Kenya, Tanzania and South Africa, an official announced. Esmaeel Hasham Firouz, the export-import director of the National Iranian Oil Products Distribution Company (NIOPDC), said the Islamic Republic has begun to ship excess natural gas supplies as LNG to the three African countries. He said the […]

Multi-$billion LNG Investment Negotiations start

By John Lee. The National Iranian Gas Export Company (NIGEC) has reportedly entered discussions with six companies to secure the multi-billion dollar investment needed to complete the 10.5 mtpa Iran LNG plant. Ali Amirani, NIGEC’s director for marketing, sales and economic surveys, told Interfax Natural Gas Daily that two European and four Asian companies have […]

Tehran, Seoul Pen MoU on Gas Cooperation

Iran and South Korea inked a memorandum of understanding (MoU) in a bid to boost cooperation between the two countries mainly in the areas of gas trade and LNG (Liquefied Natural Gas) exports following the removal of anti-Tehran sanctions. LNG exports, gas market cooperation and transfer of experience in the field of gas trade were […]

Iran in Dialogue to Process LNG in Oman: Minister

Iran has started discussion with Oman on using spare capacity of Oman LNG, to process Iranian gas for exports, local media reports said quoting officials. Addressing the annual media briefing in Muscat, Mohammed bin Hamad Al Rumhy (pictured), minister of oil and gas, said that Oman LNG has a spare capacity of 1.5 million tonnes […]