The western energy companies... are quick to stress they are not pulling out of Iran or ending negotiations over projects far in the future. Indeed, Total, Royal Dutch Shell, Eni and StatoilHydro among others already have a presence in Iran and intend to honour their contracts despite US pressure.
South Pars Gas Field
Iran vows to press on after Total pull-out
Iran needs to move off high center on LNG exports
Oil & Gas Journal: FACTS Inc.: Iran needs to move off high center on LNG exports
“With Shell putting Persian LNG as its top priority, we consider Persian LNG ahead of the pack,” said analysts.”
Sam Fletcher
Senior Writer
Posted 15 Sept 04
HOUSTON, Sept. 14 — Iran needs to decide “if it wants to export natural gas and LNG or not,” says FACTS Inc., a Honolulu consultancy headed by Fereidun Fesharaki.
“If there are no firm commitments, it should cease all discussions and be open about its doubts. The government cannot afford to hesitate and keep its customers in limbo,” said FACTS in a recent report.
Iran is seeking buyers for natural gas from its supergiant Pars field and is planning three LNG projects. Rokneddin Javadi, managing director of National Iranian Gas Export Co., said an LNG project would take 5 years to complete, but the company in February awarded a 1.6 billion euro contract to a group comprising Total SA, Malaysia’s national oil company Petronas, and National Iranian Oil Co.’s NIOC LNG to build an LNG plant utilizing natural gas feedstock from South Pars (OGJ, July 12, 2004, p. 9).