Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
Sinopec - NIGEC South Pars Phases 13 and 14 LNG Minority Stake Discussions
description
According to the director of the National Iranian Gas Export Company (NIGEC), Sinopec may take a 20 percent stake in the development of the liquefied natural gas (LNG) project at phases 13 and 14 of the South Pars gas field, the world's largest. The project also involves the construction of LNG trains with a combined capacity of 8.1 million tons annually. The LNG plant is expected to reach completion in 2012; with a 20 percent share of the $10 billion project, Sinopec would control a roughly $2 billion stake in the project.
Status
- Current Status:
- Discussion Date: Mon, 2009-04-27
- Contract Date:
- Completion Date:
Citation
1. "China's Sinopec May Join Persian LNG Project: NIGEC Head." Mehr News Agency, Monday, April 27, 2009. Available at http://www.mehrnews.com/en/NewsDetail.aspx?NewsID=868603.
2. "Shell Withdraws From South Pars 13 and 14 - Iran." IHS. 19 May 2009. Available at http://energy.ihs.com/News/WW-News/news-2008/shell-withdraws-from-south-....
All projects by Sinopec
Country |
Contractor | Project Name | Amount (Current Dollar Value) | Last Action | Status | ||
|---|---|---|---|---|---|---|---|
| Sinopec | Sinopec Refinery MoU | $6.5 billion |
11/30/09 |
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| Sinopec | Sinopec Upstream Operations Garmsar Block | $20 million |
06/19/09 |
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| Sinopec | Sinopec - Gasoline Shipment to Iran | ---- |
06/30/10 |
---- | |||
| Sinopec | Sinopec - NIORDC Abadan Refinery Expansion | $3.76 billion |
07/24/09 |
Discussed | |||
| Sinopec | Sinopec - NIGEC South Pars Phases 13 and 14 LNG Minority Stake Discussions | $2 billion |
04/27/09 |
Discussed | |||
| Sinopec | Sinopec - NIOC, Yadavaran Oil Field | $2 billion |
12/10/07 |
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