Iran Sets to Launch Initial Phase of Its First LNG Plant

Source: www.gulfoilandgas.com 4/13/2013, Location: Asia

Regardless of European Union futile attempts putting ban on Irans energy sector,the country is ready to launch the initial phase of its first liquefied natural gas (LNG) plant, state-run Mehr News Agency reported.

A 1100-megawatt power plant, LNG and liquefied petroleum gas (LPG) storage facilities in addition to offshore docks are included in the first phase of the plant.

The due time for the plant to dispatch its first LNG consignment to international markets is before March 2014. An overall estimated budget for the LNG plant is 5 billion dollars and it would begin its early production once the half that sum is provided.

By launching the LNG plant, the country would be able to produce annual 10.5 million tons of liquefied natural gas, earning Iran more than 20 million dollars per day.

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