Iran to Exporting LNG via Terminals in Spain
Iran has received a proposal from Spain to use its terminals to export Liquefied natural gas (LNG) to Europe, reports Press TV
The proposal was discussed during the meeting of Iran’s Oil Minister Bijan Zangeneh with the visiting Spanish Minister of Industry, Energy and Tourism José Manuel Soria López.
Iran was previously pursuing several major LNG projects that included Pars LNG, Persian LNG and Iran LNG. But they were later abandoned as complications grew – mostly as a result of US-sanctions that prohibit investments of liquefaction enterprises in Iran.
A recent alternative for Iran – albeit less spoken of - is to pipe its natural gas to Oman for liquefaction processing and export the LNG thus obtained to international markets.