Philippines to build LNG plant in Iran

TEHRAN, Mar. 07 (MNA) – An official, while pointing to launch of oil sale talks between Iran and the Philippines, said Southeast Asian country seeks to construct a two-million-ton LNG plant in Iran.

Masoud Besharati, an official at Pergas International Consortium, pointed to formation of the first international consortium for development of Iranian oil and gas fields and in partnership with several European and Asian firms like Norway’s AGR, Philippine National Oil Company as well as some other American, British and Canadian companies saying “the consortium aims at running development projects in order to increase recovery factor in Iran’s oil and gas fields.”

He pointed to the signing of a contract with National Iranian South Oil Company (NISOC) for development of Shadegan and Karanj oil fields asserting “yet another MoU has been inked with Sharif University of Technology for boosting efficiency of Kupal field.”

The official referred to another cooperation agreement between National Iranian Oil Company (NIOC) and Philippine National Oil Company to supply feedstock to a 400-barrel crude refinery noting “a contract has been sealed with Russneft of Russia to supply 4 million barrels of feedstock to the refinery while similar talks are still underway with Royal Dutch Shell oil industry company who will provide eight million barrels of crude.”

Besharati also touched upon a different deal between NIOC and the Philippines stressing “given the Philippines’ demand to import natural gas, we are seeking to construct a two-million-ton LNG plant in Iran.”

In response to a question on the plan of Philippines to buy share of Iran LNG project, the official emphasized that Philippine National Oil Company was merely seeking to build a 2 or 6-million-ton LNG complex and holds no plans to purchase shares of Iran LNG project.


News Code 124056


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