Market forces, national interests cloud Iran's LNG plans

Iran's LNG plans have been in a state of flux and confusion for the past 2-3 years. The problem emerged earlier from the lack of understanding of the LNG business by Iran and the often mistaken view that LNG business is similar to the oil business.The efforts by the National Iranian Oil Co. (NIOC) to define several LNG projects by upstream phases and geographical destinations were misplaced. The company had earlier defined its LNG projects as Iran LNG, Pars LNG, Persian LNG, and NIOC LNG as four separate projects with some 30-40 million tonnes of LNG exports, each with a dedicated phase of South Pars and each with a set destination.This approach sent the wrong signals to foreign inves...

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