TEHRAN, July 27 (MNA)— “Iran LNG Company is ready to carry out Pars LNG project in case France’s Total Company withdraws from the project,” Iran LNG Company’s managing director said here on Sunday, Mehr reported.

“In case Total and Shell Companies pull out of Pars and Persian LNG projects, we are prepared to implement the projects,” Ali Kheirandish explained while saying that Iran LNG Company has even developed a timetable and carried out preliminary studies months ago.


“Currently the plan and implementation schedule is ready and on condition of Petroleum ministry’s willingness we can present it to the ministry,” he added.


“The Pars LNG project needs about $7 billion and 36 to 40 months for completion,” Kheirandish stated.


He went on to note, “The Pars LNG project aims at producing annually 10.8 million tons of LNG.”


The Pars LNG terminal was originally scheduled to begin operations in 2009, but the start date has been pushed back to at least 2011. The terminal would be fed with gas from part of Iran's South Pars gas field. Rising construction costs within the energy industry have delayed construction plans.






News Code 29129

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