Iran’s LNG Development in the Shadows of International Sanctions
Iran, the country with the second largest oil and gas reserves in the world, accounted for 15.7% of global, proved natural gas reserves in 2007. According to BP Statistical Review of World Energy 2008, Iran also accounted for 3.8% of global natural gas production and consumption in 2007. Iran traditionally had no export orientation for its natural gas resources but surging energy prices across the world prompted the nation to boost its export growth through trading of natural gas. It started with projects that involved transportation of natural gas through pipelines but some of its projects like the Iran-Pakistan-India (IPI pipeline) got delayed. Coupled with a decline in domestic consumption of natural gas due to unsubsidized prices, the country shifted its attention towards the development of LNG projects to commercialize its huge gas reserves.
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Iran’s LNG Development in the Shadows of International Sanctions Reference Code: GDGE0574VPT Publication Date: AUG 2008 Energy Viewpoint GDGE0574VPT / Published AUG 2008 © GlobalData. This brief is a licensed product and is not to be photocopied Page 1 Table of Contents 1 Table of Contents 1 Table of Contents 2 1.1 List of Tables 4 1.2 List of Figures 5 2 GlobalData Viewpoint 6 2.1 Summary 6 3 Iran’s LNG Development in the Shadows of International Sanctions 7 3.1 Iran’s LNG Industry: Life under Sanctions 9 3.2 Conclusion 10 4 Recent developments 12 4.1 Jul 28, 2008: Iran LNG Set to Replace Total in Pars LNG Project 12 4.2 Jul 15, 2008: Petronas to Reconsider Investing On South Pars LNG Project 12 4.3 Jul 13, 2008: Iran To Export Its LNG Through Pipelines 13 4.4 Jul 10, 2008: Total To Quit Iran's Sout
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