Exmar to Use Iranian Carriers to Ship LNG

Monday, June 19, 2006
Reuters has reported that Iranian shipbuilder SADRA said it would build 10 ships for Belgium's Exmar to export Iranian liquefied natural gas (LNG) although Iran's efforts to produce the fuel are deadlocked. The total value of the 10 high-technology vessels would be $2.4b, Iran's Industry Minister Alireza Tahmasbi told state television. He told the ISNA students news agency that SADRA might sign a another deal for four more ships.

High-value energy deals with Iran put companies at risk from U.S. sanctions. Washington accuses Iran of seeking nuclear arms, a charge Tehran denies. Iran has lacked the investment and technology to develop its reserves for export. Qatar, which draws its gas from the same reservoirs as Iran, has long been an established exporter of gas supercooled to liquid for loading onto carriers. Iran is only pencilled in to start production of LNG, billed as the cleaner energy of the future, in 2009. But commercial and political complications have weighed on the projects to develop LNG, in part because of the involvement of foreign contractors such as Shell, Total and BG. Source: Reuters

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

WSC CEO Koch to Retire in 2015

Chris Koch, current president and CEO of the World Shipping Council (WSC), will retire from his position on July 31, 2015, and WSC Senior Vice-President and General Counsel,

NMEA Updates Installation Standards

2014 edition of NMEA 0400, Version 4.00 features extensive updates and new information   The National Marine Electronics Association (NMEA) has published Edition 2014, Version 4.

Port of Galveston to Repair Public Pier

Galveston Wharves’ board of trustees today unanimously approved a project to repair pilings and pier deck in the Pier 19 area of the port. The board awarded the contract,

 
 
Maritime Careers / Shipboard Positions Maritime Security Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1269 sec (8 req/sec)