Iran, France to build 1st FLNG unit in Persian Gulf

TEHRAN, Dec. 13 (MNA) – Deputy oil minister has announced reaching the final agreement with a French company on creating the first FLNG unit in the Persian Gulf.

Roknodin Javadi described the details of the construction of the first floating liquefied natural gas (FLNG) production unit in the Persian Gulf adding “the final negotiations between two Iranian companies and a credited French company have been conducted on setting up the FLNG unit.”

Managing director of National Iranian Oil Company (NIOC) noted that the unit will be launched with a consortium of Iranian and French companies marking the first FLNG facility in Iran and even in the Middle East; “the plant will be capable of producing one million tons of LNG per year,” he underlined.

“The FLNG unit will be fed by the burning gas of Forouzan oil rig,” said the official asserting “according to the contract, the Iranian and French investors will be in charge of supplying an LNG ship to transfer gas and an FLNG ship to convert gas to liquid gas, respectively.”

Javadi went on to stress that, “the marketing and sale of LNG cargoes will be carried out by NIOC.”

Meanwhile, Oil Minister Bijan Zanganeh had recently deemed construction and launch of LNG factories as Iran’s main plan to export natural gas to the European countries; “currently, the construction of the LNG production plant is 60 per cent through and the country's LNG production will reach 10.5 million tons after it becomes operational,” he had explained.

 

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News Code 112760

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