Middle East Economic Survey


No 25



India And Iran Agree $22Bn Deal For LNG Exports

The governments ofIndia and Iran on 13 June signed an agreement under which 5mn tons/year of LNG will be exported from Iran to India over 25 years. Iranian Petroleum Minister Bijan Zanganeh told reporters: We managed to agree on a price for the LNG. Exports should begin in 2009 and rapidly reach a level of 5mn t/y. The National Iranian Gas Export Company (NIGEC) will deliver the gas to...