Middle East Economic Survey


No 24



Indian LNG Firm In Talks For 5Mn T/Y Supply From Iran

Indias Petronet LNG is holding talks with the National Iranian Oil Company (NIOC) for the supply of 5mn tons/year of LNG under a 20-year contract beginning in 2010. Suresh Mathur, CEO of Petronet, told reporters at a gas conference in Singapore on 31 May that the deal would be worth about $800mn/year, and that an initial agreement had been signed recently between NIOC and Indian...