Persian NIOC LNG Terminal
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Persian NIOC LNG Terminal is a proposed LNG terminal in Bushehr Province, Iran. There have been no development updates since 2012 and the project is presumed to be cancelled.
Contents
Location
Project Details
- Parent: National Iranian Oil Company (NIOC)
- Location: Tombak Port, Asaluyeh County, Bushehr Province, Iran
- Coordinates: 27.476111, 52.6075 (approximate)
- Capacity: 16.2 mtpa, 2.32 bcfd
- Status: Cancelled
- Type: Export
- Start Year:
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
Background
Persian NIOC LNG Terminal was a proposed LNG terminal in Bushehr Province, Iran.[1] There have been no development updates since 2012 and the project is presumed to be cancelled.
South Pars/North Field
Iran and Qatar own the South Pars/North Field, the world's largest natural gas field. This field plays a central role in Qatar and Iran foreign and domestic policy.[2]
South Pars in Iran's territory is one of the biggest gas fields in the world, but its development was stalled by years of Western sanctions beginning in 1979. The justification was Iran's bid for nuclear weapons. [3]
Sanctions overall delayed Iran's oil and gas technological development.[2] The Qatar side of the field could export using LNG allowing natural gas to be exported by ships. At the same time, Iran was not allowed LNG technology under sanctions to develop their side of the field.[4]
Iran aims to increase gas output to 1 trillion cubic meters by 2018. In 2012, before sanctions, its output was at 160.5 billion cubic meters. As of 2017 Iran lacked ability to freeze its natural gas into LNG in order to load on tankers for export. [5]
In 2017 the French Owned Total signed a 20-year contract with the National Iranian Oil Company to develop phase 11 of South Pars.[2] It become the first major Western oil company to sign an energy agreement with Iran's sanctions eased.
Articles and resources
References
- ↑ Persian LNG Terminal, Wikipedia, accessed April 2017
- ↑ 2.0 2.1 2.2 Susan Kurdli, "The energy factor in the GCC crisis," Al Jazeera, July 28, 2017.
- ↑ Bate Felix, "France's Total seeks stake in $4 billion Iranian gas field project," Reuters, March 17, 2017.
- ↑ Juan Cole, " The Nation, July 28, 2017.
- ↑ Oleg Vukmanovic and Bate Felix, [http://www.theaustralian.com.au/busines s/mining-energy/geoscience-warns-of-supply-issues-for-20year-lng-contracts/news-story/37200985d906d757a76cb6ed54d15c63"Geoscience warns of supply issues for 20-year LNG contracts,"] Reuters, February 27, 2017.
