Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
EGL - NIGEC, 25 Year Deal, 5.5 BcM Natural Gas
description
In March 2008, the National Iranian Gas Export Company and Swiss firm EGL signed a $13 billion, 25 year contract for the export of 5.5 BcM LNG to Switzerland annually, seeking to reduce that country's dependence on Russian gas. Haggling continues, although on 21 September 2009, the managing director of the NIGES stated that the deal would be finalized in the coming months. The deal was finalized recently, with Switzerland's Foreign Minister reportedly in Tehran to sign the agreement. EGL says that the deal may be worth as much as 22 billion Euros ($30.3 billion).
- Country: Switzerland
- Client: National Iranian Gas Export Company (NIGEC)
- Contractor: Elektrizitaets-gesellschaft Laufenburg
Status
- Current Status:
- Discussion Date: Tue, 2008-10-14
- Contract Date: Tue, 2008-10-14
- Completion Date:
Citation
1. "Iran Eyes Launch of Gas Deal with Switzerland," Xinhua, 21 September 2009. Available at http://news.xinhuanet.com/english/2009-09/21/content_12092942.htm.
2. "Iran Focuses on Pipeline Plans," Fars News Agency, 14 October 2008. Available at http://english.farsnews.com/newstext.php?nn=8707231460.
3. "Swiss foreign minister to sign Iran gas deal", Reuters, March 16, 2010, available at http://www.reuters.com/article/idUSL1613888820080316.
