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.

Recent data shows that Europe's LNG imports will decrease in 2024 and increase through the pipeline, which is a good opportunity for Iran to activate its energy diplomacy.

The Secretary General of the Oil Export Federation stated: Iran is the second holder of gas reserves in the world, the third producer and the fourth consumer of natural gas in the world, it seems that in the current situation, it can diversify the consumption portfolio and eliminate the imbalance of part of the global gas market by optimizing gas consumption. and strengthen its role in the world energy market.

The Chairman of the Board of Directors of the Oil Industry Pension Fund said: The way of financing the Iran LNG project will be through finance and the required amount will be around 1.4 billion dollars.

The calm of the liquefied natural gas (LNG) market will soon be in turmoil as new concerns emerge over the supply situation.

This contract, which was signed at the China International Import Expo, is the third long-term supply contract between Sinopec and Qatar Energy, the world's largest LNG supplier.