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Bloomberg: Iran Plans to Start Liquefied Natural Gas Exports in 2009

By Renee Lawrence

Feb. 14 (Bloomberg) — Iran, which holds the world’s biggest reserves of natural gas after Russia, plans to start exporting the fuel in chilled form to China, India and Thailand from 2009.

The nation wants to start exporting 35 million cubic meters of liquefied natural gas a day, increasing to 180 million cubic meters a day by 2020, Hedayat Omidvar, head of research and technology at the National Iranian Gas Company, told delegates at a conference in London today.

“We have one or two years delay, no more, in developing our LNG projects, but we can meet our LNG export potential,” Omidvar said in a teleconference broadcast at the LNG 2007 conference.

Iran has lagged behind Qatar in developing its part of South Pars, the world’s largest natural-gas deposit. No final oil and gas accords have been signed with Western companies since President Mahmoud Ahmadinejad took office in August 2005.

Iran, Repsol YPF SA and Royal Dutch Shell Plc signed a preliminary contract late month to develop part of the country’s South Pars gas field.

Iran is negotiating with Technip SA, Linde AG and Daewoo of Korea to help develop its expertise in LNG, Omidvar said.

LNG is natural gas cooled to a liquid, which can then be shipped in tankers.

To contact the reporter on this story: Renee Lawrence in London at [email protected]

Last Updated: February 14, 2007 09:40 EST

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