Iran to Launch First LNG Plant

April 15, 2013

Natural Gas Asia reports that Iran LNG Company is set to launch its first LNG plant.

The first phase of the plant which is 65% complete includes a 1,100-megawatt power plant, storage facilities for LNG and liquefied petroleum gas (LPG) as well as offshore docks, Press TV reported citing a Mehr News Agency

Iran is likley to deliver its first consignment of LNG on international markets before March 2014. The plant is expected to cost almost $5 billion.

The plant would be able to produce 10.5 million tons per year of LNG, earning the country more than $20 million a day.

On March 26, Iran LNG Company (ILC) filed a lawsuit with an international tribunal against the European Union (EU) for its “unilateral and illogical” ban on Iran’s mainstream producer of liquefied natural gas.

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