By Marc Wolfensberger
May 29 (Bloomberg) — Iran expects to sign a multibillion- dollar agreement with a foreign partner next month to produce liquefied natural gas, or LNG, from the South Pars field, the world’s biggest gas reservoir.
“We’ve signed the draft contract with a foreign contractor and the main contract will be signed within the next month,” Ali Kheir-Andish, the project director, said today on Shana, the oil ministry press agency, without providing the name of the foreign company. The LNG project, called IRAN LNG, will use gas from phase 12 of South Pars, he said.