FACTS: Iran needs to make decision on LNG exports

Iran needs to decide "if it wants to export natural gas and LNG or not," says FACTS Inc., a Honolulu consultancy headed by Fereidun Fesharaki."If there are no firm commitments, it should cease all discussions and be open about its doubts. The government cannot afford to hesitate and keep its customers in limbo," said FACTS in a recent report.Iran is seeking buyers for natural gas from its supergiant Pars field and is planning three LNG projects. Rokneddin Javadi, managing director of National Iranian Gas Export Co., said an LNG project would take 5 years to complete, but the company in February awarded a 1.6 billion euro contract to a group comprising Total SA, Malaysia's national oil...

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