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Iran-Japan Joint LNG Production

Maritime Activity Reports, Inc.

August 10, 2015

 Iran's oil minister invited the  Japanese delegation to partner in many areas especially Liquid Natural Gas (LNG) output, reports MNA.

 
The delegation of high-level Japanese trade official and executives of major industries, headed by Japan's State Minister of Economy, Trade and Industry Daishiro Yamagiwa met with Tranian Oil Minister Bijan Namdar Zangeneh who received the delegation from Oyashima in Oil Ministry Headquarters in Tehran.
 
Zangeneh underlined investment in Iran's production of Liquid Natural Gas (LNG) as one of opportunities of cooperation for Japan. 
 
He also called for cooperation in Iran’s West Karoun area which comprises Yadavaran, North Azadegan, South Azadegan, North Yaran, and South Yaran oil fields. 
 
The biggest among all are South Azadegan and Yadavaran which are shared with Iraq’s Majnoon and Sinbad fields, respectively.
 
The orderbook for U.S. dredgers is about $3B, and according to DCA CEO Bill Doyle, the incoming political administration could help this niche maritime sector continue its bull run.
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