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S. Korea plans to build liquefied natural gas plants in Iran
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IANS | 19 Jun, 2017
South Korea will build small-scale liquefied natural gas (Mini-LNG)
plants in Iran to meet energy needs in remote areas of the country,
media reports said.
An agreement was signed in South Korea's
Busan last week and the construction of the plant could begin within the
next four years, Press TV reported on Sunday.
A consortium
from Iran and South Korea will be involved in the scheme, said Saeed
Pakseresht, Director for research and development affairs of the
National Iranian Gas Company (NIGC).
"We do not have the
technology to develop Mini-LNG plants, but joining hands with companies
like South Korea's Oceanus and KOGAS is an important step to develop our
LNG sector," Xinhua quoted Pakseresht as saying.
The plan to
build the plants envisages a production capacity of 15 tonnes per day,
he said, adding that it could rise to as high as 300 tonnes per day at a
later stage.
The South Korean companies involved in the project
are Oceanus, Kitech Institute of Industrial Technology and Korea Gas
Technology Company, according to the report
The Iranian parties
involved are the NIGC, the LNG Institute of Tehran University and the
Research Institute of Petroleum Industry.
It was announced here
on June 15 that Iran's Finance Minister Ali Tayyebniya will visit Seoul
soon to finalize talks over credit line of $13 billion from South Korea
for Iran's several energy projects.
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