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.

The Trump administration has sanctioned the Iranian shipping giant in new, draconian sanctions against Iran's oil and gas sales.

Persian Gulf Holding, with its massive $2 billion plan to build a 5,000-megawatt solar power plant, is seeking self-sufficiency in energy supply and reducing dependence and pressure on the national grid.