Iran Signs 1st Gas to LNG Deal

Source: Shana 10/25/2017, Location: Asia

Iran has signed deal for selling natural gas destined to turn into liquefied natural gas (LNG). The National Iranian Oil Company (NIOC) and IFLNG (owned jointly by Khark Gas Refining Company and Norway's Helma) signed the document.

The gas will be delivered by the floating liquefaction unit Caribbean FLNG, owned by Belgium's Exmar, with 500,000 tons of LNG production capacity annually.

Based on the 20-year contract, NIOC will enforce the document in a 3-month period.

Accordingly, the Caribbean FLNG will dock at Pars Service Port and receive 2.3 million cubic meters of gas on a daily basis from the 7th South Pars Gas Refinery.


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