Iran Plans to Ship LNG to Europe
Iran plans to export Liquefied Natural Gas (LNG) to Europe, Mehr News Agency quoted Iranian Minister of Oil Bijan Zanganeh as saying.
Zanaganeh described Iran’s plan for gas exports to Europe saying “the main objective is to transfer the Iranian product in the form of LNG.
He touched upon measures taken by the Oil Ministry to supply petrochemical complexes with feed asserting “the issue at stake is that producers need to pay taxes for selling feedstock to domestic petrochemicals and downstream industries while they enjoy tax exemption for selling products to global markets."
Zanaganeh assured that producers will not be charged by taxes for the profit they make in exports though for domestic activity, tax payment is required which discourages them from working with Iranian complexes.