Iran's LNG project continues to proceed as planned

According to the Iranian MNA News Agency, Tehran, August 24th, Ali Hailandish, general manager of Iran LNG, said here today that the "Iran LNG" project is still ongoing and is currently under way. Customers talks.

The Iranian Ministry of Oil official website SHANA quoted Ali Hailandish as saying that the slow progress of the Iranian liquefied natural gas project is related to economic reasons and has nothing to do with political conditions and international restrictions.

He said that the most important factor in the implementation of LNG projects is the funds needed for the project. Due to financial reasons, Iranian National Oil Company has so far failed to reach an agreement with foreign contractors to develop liquefied natural gas.

Iran plans to increase its annual LNG production to 70 million tons by 2015, thus becoming an important supplier to the world LNG market.

According to the marketing manager of Iran's National Natural Gas Export Corporation, in order to achieve this goal, Iran is currently developing seven LNG production projects.

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