Iran FLNG

From Global Energy Monitor
This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.
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Iran FLNG was a proposed floating liquefied natural gas (FLNG) terminal in the Persian Gulf, Iran. There have been no development updates since the project was put on hold by its owners in 2017.[1]

Location

The FLNG is proposed for Kharg Island in the Persian Gulf.

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Project Details

  • FLNG Owner: Exmar[2]
  • Location: Kharg Island, Persian Gulf, Iran
  • Coordinates: 29.235481, 50.31 (approximate)
  • Capacity: 0.5 mtpa, 0.07 bcfd
  • Status: Cancelled
  • Type: Export
  • Start Year:

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

In October 2017, the National Iranian Oil Company (NOIC) signed a deal with IFLNG, a joint venture of Iran’s Kharg Gas Refining Company and Norway’s Hemla for building Iran’s first floating liquefied natural gas (FLNG) unit at Kharg Island in the Persian Gulf. An FLNG facility is a seaborne structure that would produce, liquefy, store and transfer LNG at sea before carriers ship it directly to markets.[1]

Based on the deal, the European firm was to construct an FLNG unit with a production capacity of 500,000 tons per year. The joint venture would purchase 200 million standard cubic feet of flared gas from offshore oilfields near Kharg Island over a period of up to 15 years. In its first phase, the site was projected to produce 500 metric tons of LNG and 200 tons of LPG per year.[1]

In December 2017 Iranian parliament’s energy committee said it had put the country’s FLNG deal with Norwegian Hemla Vantage on hold due to some issues regarding the contract terms. According to parliament energy committee spokesman Asadollah Gharekhani, a joint committee has been formed between oil ministry and the parliament’s energy committee to explore the issue.[1] In February 2018 the government announced that the deal had been cancelled.[3]

Articles and resources

References

  1. 1.0 1.1 1.2 1.3 "Iran’s first FLNG deal with Norway on hold," Tehran Times, December 19, 2017
  2. [https://www.iranobserver.org/iran-cancels-first-flng-deal-with-norway/ Iran Cancels First FLNG Deal with Norway], Iran Observer, February 2018
  3. Iran Cancels Norwegian FLNG Project, The Medi Telegraph, Feb. 12, 2018

Related GEM.wiki articles

External resources

External articles