TEHRAN June 30 (MNA) -- Selling liquefied natural gas (LNG) at a lower price than that of energy market competitors, such as Qatar, would help Iran to maintain its standing in international energy markets.

In an interview with Mehr News Agency Majlis Energy Commission member Hossein Muradi said sometimes it is necessary to render some facilities to customer countries in order to leapfrog the competitors thereby guaranteeing the long-term interests of the country in international trade and world energy markets. This is the reasoning behind giving a 20 percent development share of the Hosseinieh and Kushk fields to Indian companies as well as the motive behind selling LNG at a lower price than it is being sold by Qatar, Muradi said.

  

He stressed that in today’s market the technology of changing gas to LNG is of paramount importance, adding gaining a foothold in international energy markets, including the LNG market, is a necessity for Iran.

 

Touching on the export of liquefied natural gas Muradi explained using LNG vessels is more profitable than exporting by pipeline since that the former method is more flexible and can cover a wider geographical area than latter.

 

HK/DWN/IS
END
MNA

News Code 6550

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