Middle East Economic Survey

VOL. XLIX

No 50

11-Dec-2006

IRAN

Pars LNG And China Sign 3Mn T/Y Preliminary LNG Supply Agreement

Pars LNG and Chinese state firm PetroChina signed a heads of agreement on 28 November for the supply of 3mn tons/year of LNG over 25 years. Pars LNG is one of a number of LNG export schemes planned by Iran, and will comprise a twin-train 10mn t/y LNG plant supplied with 55mn cmd (2bn cfd) of gas from Phase 11 of the South Pars gasfield development. Pars LNG partners are...