Iran LNG Signs 700 mln euro Deal

A00214855.jpgTEHRAN (FNA)- Managing director of Iran LNG Company reported that Tehran has signed its largest natural gas liquefaction contract valued at 700 million Euros.

Iran LNG, as the manager of the project, and two consortiums have signed the deal, Ali Kheirandish said.

One consortium consists of Iranian and Chinese companies, while the other is consisted of an Iranian firm and a multi-national company.

The consortiums will carry out the project.

Kheirandish also announced that the contract is the last of a series of deals on natural gas liquefaction.

“The plant will annually produce 10.5 million tons of liquefied gas, once the project is completed” he said.

The production and export of Iran LNG adds USD 3 to 4 billion to the country’s annual export surplus value, the managing director said.

Kheirandish added that the project would enable Iran to export 80 million tons of LNG annually, almost twice as much as the country’s oil export.

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