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Iran seeks to relaunch the 10.8 Mt/year Iran LNG export project

Iran has restarted work on the 10.8 Mt/year Iran LNG gas liquefaction plant, which faced hurdles due to sanctions and whose construction had been suspended. Located in the country’s southern Bushehr province, the Iran LNG project, which is at a more advanced stage than other LNG projects (16.2 Mt/year Persian LNG and 10 Mt/year Pars LNG, located on Iran’s Mideast Gulf coast), could be operational by mid-2025 as preparations to instal the liquefaction trains had been largely completed.

To supply the Iran LNG project, extra production of about 10 Mt (13.5 bcm) will be required. The country is expected to bring online twice this volume from two phases—11 and 14—of the South Pars natural gas field between 2024 and 2025. Iran has currently no operational liquefaction capacity. About 236 bcm of natural gas was produced in the country in 2021, with exports accounting for 6% of the total.

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