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Iran targeting European market with LNG, not piped gas

Iranian officials are busy planning a gas export strategy, although LNG is the favoured option the country’s deputy oil minister told Interfax Iranian officials are busy planning a gas export strategy, although LNG is the favoured option the country’s deputy oil minister told Interfax
By Joshua Posaner 5 October 2015 Middle East & Africa / Supply & Demand 0 17774
Once complete, the Iran LNG project will be the country’s preferred point of export. (Iran LNG Co.)

Iran is looking to supply Europe with gas once sanctions are formally rolled back, but Tehran would prefer to export the gas as LNG than through pipelines, the country’s Deputy Oil Minister Roknodin Javadi has told Interfax in an interview.

The official, who is also managing director of state exporter the National Iranian Oil Co., said in Berlin last week that once the long-mooted Iran LNG project is completed, it will be the preferred point of export, unless companies are willing to shoulder the costs of...