Briefs: Iran has LNG plans on a very large scale
Iran is reportedly planning to finance up to 120 billion USD for LNG production over the next 12 years and become the world's largest LNG exporter. As of now, there are no LNG industries in Iran, but there are gas resources estimated at 27.5 trillion m3, over 15% of the total global gas reserves. In an interview with Emirates Business, Ali Kheirandish, Managing Director of the government-controlled LNG company, declared: "Our forecast is to produce 80 million tonnes of LNG by 2020." He also said that his company would pump more than half the country's output and had already enough markets in Asia and Europe for its products.