ID :
155091
Tue, 12/28/2010 - 13:41
Auther :
Shortlink :
https://www.oananews.org//node/155091
The shortlink copeid
$450m allocated to Iran LNG project
TEHRAN, Dec. 28 (MNA) –- The Iran Natural Gas Liquefaction Company director said that $450 million has been set aside for the Iran LNG project.
Ali Kheyrandish added that in two years time the company will be selling LNG in the market.
He stated that currently final talks are underway with the banks’ syndicate for allocating $900 million from the forex savings account for the Iran LNG project.
The official noted that to finish the project another $3 billion should be added to the $1.5 billion spent so far. The project is 40 percent complete.
Upon completion Iran LNG will produce 10.8 million tons of liquefied gas a year in Tonbak region of the southern Iranian port of Assaluyeh.
Ali Kheyrandish added that in two years time the company will be selling LNG in the market.
He stated that currently final talks are underway with the banks’ syndicate for allocating $900 million from the forex savings account for the Iran LNG project.
The official noted that to finish the project another $3 billion should be added to the $1.5 billion spent so far. The project is 40 percent complete.
Upon completion Iran LNG will produce 10.8 million tons of liquefied gas a year in Tonbak region of the southern Iranian port of Assaluyeh.
