Iran to export $100b of LNG to China in 30 years

Source: Tehran Times 6/19/2006, Location: Asia

Iran is planning to export 100 billion dollars worth of liquefied natural gas (LNG) to China over the next 30 years. Upon his arrival in Tehran from China visit, Minister of Petroleum Kazem Vaziri-Hamaneh told reporters that the two countries are considering two LNG export contracts, adding, “Chinese officials were willing to set the level of contracts at 5 million tons and 10 million tons of LNG.”

Hamaneh also welcomed participation of Chinese companies in developing gas fields of Iran and noted that they can take part in tender bids that will be held for developing Iran’s gas reservoirs.

The minister stated that the contracts will lead to annual investment of 10 billion dollars in the Iranian oil industry, adding, “a Chinese company has indicated its willingness to invest 10 billion dollars in Iran and China is willing for Iran to be its first and foremost oil supplier.”


China >>  7/28/2022 - INEOS and SINOPEC have today signed three back-to-back deals worth a combined value of $7bn. These landmark agreements are expected to generate a comb...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.