The Iran LNG project is secured by 1.4 billion dollars in financing

According to Energy Press, Abdul Hossein Bayat said about the latest progress of the IranLNG project: We are looking for financing to complete and launch the first phase of this project with a capacity of 5.5 million tons per year, and now it is in the final administrative stages of obtaining a permit.

He added: “Previous construction and installation measures are being carried out, and we are preparing and setting up parts such as LPG and LNG storage tanks, which can be used and generate income, from the electricity sales of IranLNG Company.”

The Chairman of the Board of Directors of the Oil Industry Pension Fund said: “We are waiting for the completion of the finance process to complete the construction of the sweetening and liquefaction units. Now the relevant contracts have been signed with the relevant parties and we are just waiting for financing from the financier.” After the finance is finalized, the construction and development of the two mentioned units will speed up.