Iran FLNG Terminal

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Iran FLNG Terminal is a cancelled (confirmed) LNG export terminal in Iran.

Location

Table 1: Location details

Name	Location	Coordinates (WGS 84)
Iran FLNG Terminal	Kharg Island, Iran	29.235481, 50.31 (approximate)

The map below shows the approximate location of the terminal:

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Project Details

Table 2: Infrastructure details

mtpa = million tonnes per year

Name	Facility type	Status	Capacity	Total terminal capacity	Offshore	Associated infrastructure
Iran FLNG Terminal	export	cancelled (confirmed)	0.5 mtpa	0.5 mtpa	True	–

Table 3: Cost

Name	Facility type	Cost	Total known terminal costs
Iran FLNG Terminal	export	US$600,000,000	US$600,000,000

Financing

No financing data available.

Table 4: Project timeline

FID = Final Investment Decision, used by some developers to indicate a project will move forward

Name	Facility type	Status	Proposal year	FID year	Construction year	Operating year	Inactive year
Iran FLNG Terminal	export	cancelled (confirmed)	–	–	–	–	2019 (cancelled)

Ownership

Table 5: Ownership

Name	Facility type	Status	Owners	Parent companies	Operator
Iran FLNG Terminal	export	cancelled (confirmed)	Exmar NV [100%]	Exmar NV [100.0%]	–

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.

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.

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. In February 2018 the government announced that the deal had been cancelled.

Articles and Resources

Additional data

To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.