Foreign Partners to Pursue LNG Projects

Source: www.gulfoilandgas.com 10/19/2011, Location: Asia

Speaking at a press conference, NIGEC’s managing director, Hosain Bidarmaghz said: Unlike general assumption these two projects have not been abandoned and from our point of view as the main shareholder of the projects they are valid.

‘Our foreign partners in Persian LNG and Iran LNG projects don’t like to stand them idle, According to the official.

the NIGEC’s top executive said that suspending construction work for some time, that had economic reasons, does not mean that they have been cancelled.

He continued that cancellation of the projects will raise their costs considerably and that is why those foreign partners are not interested in nullifying them.

According to the Bidarmaghz, in addition to export, LNG has other applications. He added that small LNG factories are good alternatives for supplying gas to villages in remote corners of the country where not only building gas pipeline is not economical but it’s hard to be justified technically.

Using LNG as a fuel for power plants is another advantage of building LNG factories in Iran, NIGEC’s managing director noted.


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