Iran seeks $6-7 billion for LNG investment
The Iran LNG project is 40% complete, according to NIGEC. (Iran LNG)
Tehran is looking for $6-7 billion from international investors to complete the construction of Iran LNG. Around 40% of the project was built while Iran was under international sanctions, claims National Iranian Gas Export Co. (NIGEC). Investors would receive an 80% stake in the project in return for financing the remaining construction work.
“A partner will be found within the next six months,” Alireza Kameli, managing director of NIGEC, told Natural Gas Daily at the Third Annual Iran Oil, Gas and Energy Week event in Istanbul this week. NIGEC is inviting groups of companies with the necessary EPC experience and financial backing to participate in the facility, which will comprise two 5.25 mtpa trains.