Iran Wants Investments in LNG Sector

Iran is looking for investments in its LNG sector, the head of National Iranian Tanker Company (NITC) said.

“We lagged behind in this market due to the sanctions. Now we are looking for investors,” Ali-Akbar Safaei said, reported Shana News Agency.

Safaei added that LNG is a vital sector as markets in the East and the West need Iran’s gas and the country can build a production-transport-consumption chain in this sector.

“Given the rivalry in marine transportation and flexibility in shipping, Iran’s LNG exports would be done by ship and at competitive price,” he said.

Earlier this month Iran's oil minister Bijan Namdar Zanganeh said LNG would be the most suitable option to sell natural gas to Europe.