Showy MoUs Have Grounded Iran LNG Project

Showy MoUs Have Grounded Iran LNG Project

The Iran LNG project, which began in the 1980s with the aim of making Iran a major player in the global liquefied natural gas market, is now facing numerous technical and economic challenges. Despite the signing of a new memorandum of understanding between the Iranian Natural Gas Liquefaction Company and the Petroleum Industries Engineering and Construction Company, experts believe that without cooperation with Western companies, the implementation of the project will be impossible.

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The country’s daily gas production reached 872 million cubic meters

The country’s daily gas production reached 872 million cubic meters

The CEO of the National Iranian Gas Company emphasized that the country's gas production record has been broken four times since the beginning of the 14th government, saying: "Currently, more than 872 million cubic meters of gas are produced and injected into the network daily."