Tag Archives | Liquefied natural gas (LNG)

$16bn Investment for North Pars

North Pars gas field is located 120 kilometers southeast of Bushehr province in the Persian Gulf waters. The field is 3,500 meters deep under water and is 10 to 15 kilometers far from coast. North Pars holds more than 57 tcf of gas. Senior Iranian oil officials recently introduced North Pars along with tens of […]

KOGAS may build Iran-Oman Subsea Gas Pipeline

Tehran and Seoul are in talks over the possibility that the Korea Gas Corporation (KOGAS) may construct an undersea gas pipeline that would link Iran and Oman. According to a report carried by South Korea’s Pulse News on Wednesday, National Iranian Oil Company (NIOC) and National Iranian Gas Export Company (NIGEC) may sign a memorandum […]

Will Natural Gas shelter Iran from Oil Price Crisis?

By Reza Yeganehshakib, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. After years of negotiations with six world powers, Iran celebrated the official lifting of international sanctions on Jan. 16. Having long awaited this moment, the Islamic Republic acted quickly thereafter, commencing efforts to expand […]

Iran seeks Investors for LNG Plant

By John Lee. A senior Iranian gas market official has told Argus that Iran has initiated discussions with foreign companies for the sale of some shares in an LNG (liquified natural gas) export project, which it hopes will be revived once sanctions on the country are lifted. Mostafa Sharif, of the state-owned gas firm NIGC‘s […]

Will South Pars help Revive Iran’s Economy?

By Dr. Reza Yeganehshakib, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Will South Pars help bring Iran’s economy back to life? The Persian Gulf is home to one of the largest independent gas reservoirs in the world. Shared between Iran and Qatar, the Iranian […]

Iran Negotiates Exporting LNG via Oman

Petroleum Minister Bijan Zangeneh negotiated exporting liquefied natural gas (LNG) from Iran via Omani ports during a meeting in Tehran with Omani minister of Oil and Gas Mohmmed bin Hamad Al Rumhi. “The main item on the agenda was using Oman’s unused LNG facilities,” Managing Director of the National Iranian Gas Export Company (NIGEC) Alireza […]