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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Oil and gas cannot be removed from the energy portfolio

Oil and gas cannot be removed from the energy portfolio

Despite the investment of 9.5 trillion dollars, alternative energy sources have not been able to replace hydrocarbons; The issue that caused the CEO of Aramco Arabia to suggest to focus on reducing their carbon emissions instead of the strategy of eliminating oil and gas.
Effluent was offered in the energy exchange

Effluent was offered in the energy exchange

The CEO of Iran's Water and Wastewater Engineering Company said: The disposal of wastewater is planned through the energy exchange, and in a competitive environment, for the first time, wastewater will be offered on the energy exchange.