Embargo on Iran's condensed gas exports lifted

News ID: 3601884 -
TEHRAN, Apr. 18 (MNA) – Director General of Petrochemical Employers Association Ahmad Mahdavi has announced the complete removals of sanctions on Iran’s LNG exports.

Describing the latest status of exporting Liquefied Natural Gas (LNG), Mahdavi said “with the implementation of the Joint Comprehensive Plan of Action (JCPOA), restrictions on Iran’s LNG industry have been fully lifted.”

“All the LNG produced at Iranian petrochemical complexes is dispatched to world markets after supplying the domestic demand,” highlighted the official asserting “accordingly, foreign LNG carriers are now allowed to enter Iranian ports and terminals.”

He stressed that production and exports of the product had turned into a major problem for the country’s petrochemical plants during sanction years while no limitations exist now on LNG exports.”

Director general of Petrochemical Employers Association recalled that a portion of the LNG is being deployed to world markets using LNG carriers purchased by Iran’s private sector while the rest is being transferred with foreign vessels; “nevertheless, certain problems still exist on providing insurance coverage for Iranian ships which carry petrochemical and polymer products.”

The first European ship for carrying petrochemical products moored at Pars Petrochemical Port in Assalouyeh on Tuesday April 12.

The vessel, which belongs to an Italian firm, has moored at Pars Petrochemical Port at Pars Special Economic-Energy Zone in Assalouyeh and loaded the liquid chemical products produced at Assalouyeh’s petrochemical complexes.

The arrival of the Italian ship marks the first docking of a European ship at Pars terminal while more vessels of other European companies are expected to enter the Iran’s largest petrochemical port.

 

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