Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
by admin | Thu, 2009-09-24 13:23
selected project
Chinese Consortium in South Pars Phase 12 LNG Partnership
description
A Chinese Consortium is now working with Iranian Pars LNG to produce LNG from Iran's South Pars field. Work will begin in 2012; sources indicate an unknown European firm will also join the consortium. The project seeks to increase Iran's natural gas production by 10.5 million tons annually. Sinopec and NIGEC are also in talks concerning an LNG plant for phases 13 and 14 of the South Pars field.
- Country: China
- Client: Petropars
- Amount (Current Dollar Value): $3.39 Billion
Status
- Current Status:
- Discussion Date:
- Contract Date: Sun, 2009-03-15
- Completion Date:
Citation
1. "Iran, China firms sign 3 bln dollar LNG deal: report," Agence France Presse, March 15, 2009, available at: http://www.iranfocus.com/en/iran-general-/iran-china-firms-sign-3-bln-do....
2. "China signs $3.2-billion gas deal with Iran," Domain-b.com, March 16, 2009, available at: http://www.domain-b.com/industry/oil_gas/20090316_oil_company.html.