Main - TURAN.AZ
Politics
Economics
Energy
Finance
Analytics
- ISSUES -
Bulletin Political News
Bulletin Economical News
Bulletin Energy News
Bulletin Finance News
- REVIEWS -
Markets review
Political Monitoring
Economic Review
* * *
Main - CONTACT.AZ
Want to Say
Social
Culture
Worldwide
- INTERVIEW -
Interview
ÇƏTİN SUAL
- REPORTS -
Photo sessions
Actual report
Significant Azeris
- NEWS COLLECTION -
«Georgian case»
* * *
Enter Main - TURAN.AZ AZ ... RU
Bağla
Закрыть

NIOC Concludes First LNG Production Contract in Its History
Energy 


2017 November 01 ( Wednesday )  10:23:04
Print version
Русский Azərbaycan

Baku/01.11.17/ Turan: The joint Iranian-Norwegian company should use the Caribbean FLNG floating plant owned by the Belgian company Exmar for LNG production.

National Iranian Oil Company (NIOC) signed the first agreement in its history on the production of liquefied natural gas. The contract with the Norwegian company IFLNG provides for the organization of production in the territory of Iran and further marketing of the finished products.

In particular, under the agreement, the joint Iranian-Norwegian company should use the Caribbean FLNG floating plant owned by the Belgian company Exmar for LNG production. The plant"s liquefaction capacity is 500,000 tons per year, and its storage capacity is 16,100 cubic meters of LNG.

FLNG, most likely, will be installed in the service port serving the production platforms of the gas field South Pars, because there already has the entire infrastructure necessary for the operation of the LNG plant. The company will receive 2.3 mcm of gas per day from the fields of the region, according to LNG World News.

In fact, this project will be a great success for Exmar. Last year it turned out that Caribbean FLNG is not particularly needed by anyone. The LNG plant located off the northern coast of Colombia, was supposed to ship liquefied gas to the Caribbean and Central America.

However, the Canadian Pacific Exploration & Production (PEP), due to great financial problems, broke the contract with Exmar and declared its own bankruptcy. As a result, the Belgian manufacturer of floating LNG plants remained with a new brand FLNG on hand, and it had absolutely no place to apply.

And then in Exmar they remembered about Iran, with which the company has been negotiating on FLNG to work near the coast of Khark Island in the Persian Gulf since November 2015. Representatives of Exmar do not yet confirm that namely Caribbean FLNG will be rented to Iran, but there is no other completed floating LNG plant at the Belgian company. -0