The National Iranian Gas Company (NIGC) plans to commission five LNG projects within the next three years, once the international sanctions will be lifted. Construction works on the 10.8 Mt/year Iran LNG project are already 60% complete and the project could be commissioned within 18 months, i.e. by mid-2017. In addition, NIGC expects the upcoming removal of sanctions to revive the 10 Mt/year Pars LNG project developed in partnership with Total and Petronas and the 16.2 Mt/year Persian LNG project developed in partnership with Repsol and Shell. A 3 Mt/year floating LNG plant could also be developed, raising the total liquefaction capacity to 40 Mt/year that Iran will seek to export.
The country also expects the removal of sanctions to boost its domestic gas production (174 bcm in 2014, ranking third in the world), which is planned to reach 330 bcm/year in 2017 and to double in the next four years.
Interested in LNG Databases?
World LNG Database offers a complete set of data on LNG markets. The service provides detailed information on existing and planned liquefaction and regasification plants. It also includes LNG shipping around the world, LNG contracts, time series on regasification and liquefaction capacities, LNG flows and LNG prices for all players in the market.