PressTV: Official - Iran to Join LNG Club in Two Years

Head of the National Iranian Oil Company (NIOC) sees Iran joining the elite club of LNG exporters in the next two years, which would crucially strengthen the resource-rich country’s clout in the energy market.

Iran possesses the world’s largest proven gas reserves, with a potential to become a top producer. But a dramatic rise in domestic consumption means the country has to keep much of the gas produced at home for now.

The first Iranian LNG unit has yet to come on stream, with one official saying the project is being implemented with 60% physical progress, pending the removal of sanctions to import necessary equipment and structures.

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