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ANKARA: Iran's Asalouyeh gas exports to reach $5 bln

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  • ANKARA: Iran's Asalouyeh gas exports to reach $5 bln

    Journal of Turkish Weekly, Turkey
    June 12 2005

    Iran's Asalouyeh gas exports to reach $5 bln

    LONDON - Gas exports from the southern energy rich region of
    Asalouyeh will earn the country almost $5 bln a year.

    Announcing this, Managing Director of National Iranian Gas Exports
    Company Roknoddin Javadi told IRNA that his company had finalized
    talks with foreign companies to export 20 mln tons of LNG and
    contract for exporting an additional 7.5 mln tons will be signed in
    the coming days.

    Javadi said the deals for exporting gas to the UAE, Azerbaijan and
    Armenia via pipeline have been finalized and talks are underway on
    three more contracts.

    Once the contracts are materialized, Iran's annual earnings from LNG
    exports will reach $3.5 bln to $4 bln and exports via pipelines will
    fetch about $1 bln per year.
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