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Iran Signs first Gas to LNG Deal

The first gas sales contract to produce LNG for exports has been signed between NIOC and IFLNB (under ownership of Kharg Island refinery and Norwegian company Hemla)...
The first gas sales contract to produce LNG for exports has been signed between NIOC and IFLNB (under ownership of Kharg Island refinery and Norwegian company Hemla).
The Caribbean Floating Liquefied Natural Gas (FLNG) project will be developed in partnership with the Belgian Exmar and the leasing of an FLSU by IFLNG from it as their exclusive representative, with a capacity to produce 500,000 tons of LNG per year, Iran’s SHANA news agency reported.
The National Iranian Oil Company and IFLNG have taken the necessary steps to implement the 20-year contract for the sale of natural gas within three months.
It is predicted that the Caribbean FLNG unit will be moored offshore in Pars service port from September 2018. The FLSU unit will be ready to receive 2.3 million cubic meters of natural gas from the 7th South Pars Gas Refinery.
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