Thursday, April 14, 2011

Iran to Start LNG Production

Iran is considering switching to liquefied natural gas (LNG) for natural gas exports. LNG is the most popular form of natural gas transportation in the global market. Iran Liquefied Natural Gas Co. said it aimed to start LNG exports by the end of 2012 [Bloomberg, 13 April].

Iran’s South Pars gas field in the Persian Gulf share the same structure as Qatar’s North Field; together the largest natural gas structure in the world. Qatar has already started producing LNG and today is the world’s largest exporter of LNG in the world.

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