SME Times is powered by   
Search News
Just in:   • Textile traders extend 3-day strike against GST  • Key equity market indices open higher  • Vivo unveils first under display fingerprint technology  • LT Foods sets up plant in Europe to popularise 'Daawat' rice  • Vodafone India partners with HMD Global for Nokia smartphones 
Last updated: 19 Jun, 2017  

southkoreamap.THMB.jpg S. Korea plans to build liquefied natural gas plants in Iran

S.Korea.9.jpg
   Top Stories
» No deferring GST launch, clears FM Arun Jaitley
» Cabinet gives in-principle nod to divest bleeding Air India
» Opposition parties may skip GST launch on┬áJune 30
» Govt notifies mandatory linking of Aadhaar with PAN
» 'Incubators for startups in every parliamentary constituency'
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.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
65.15
63.50
UK Pound
83.40
80.60
Euro
73.45
70.95
Japanese Yen 59.75 57.70
As on 29 Jun, 2017
  Daily Poll
Should Govt tax farm income above certain level?
 Yes
 No
 Can't say
  Commented Stories
» GST transition for SMEs(24)
» Starting an import export business: Basic guide for beginners(13)
» SMEs, start-ups to benefit from GST: Vastada Consulting(2)
» Poor state of state finances(2)
» After note ban now SMEs get scared of GST(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter