Persian NIOC LNG Terminal

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

Location

Table 1: Location details

Name Location Coordinates (WGS 84)
Persian NIOC LNG Terminal Tombak Port, Asaluyeh County, Bushehr Province, Iran 27.476111, 52.6075 (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
Persian NIOC LNG Terminal export[1] cancelled (confirmed) 16 mtpa 16.0 mtpa False

Table 3: Cost

Name Facility type Cost Total known terminal costs
Persian NIOC LNG Terminal export[1] US$10,000,000,000 US$10,000,000,000

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
Persian NIOC LNG Terminal export[1] cancelled (confirmed) 2016 (cancelled)

Ownership

Table 5: Ownership

Name Facility type Status Owners Parent companies Operator
Persian NIOC LNG Terminal export[1] cancelled (confirmed) National Iranian Gas Export Co [100%][1] National Iranian Gas Co

Background

Persian NIOC LNG Terminal was a proposed LNG terminal in Bushehr Province, Iran.[2] There have been no development updates since 2012 and the project is presumed to be cancelled.

South Pars/North Field

Iran and Qatar own the South Pars/North Field, the world's largest natural gas field. This field plays a central role in Qatar and Iran foreign and domestic policy.[3]

South Pars in Iran's territory is one of the biggest gas fields in the world, but its development was stalled by years of Western sanctions beginning in 1979. The justification was Iran's bid for nuclear weapons. [4]

Sanctions overall delayed Iran's oil and gas technological development.[3] The Qatar side of the field could export using LNG allowing natural gas to be exported by ships. At the same time, Iran was not allowed LNG technology under sanctions to develop their side of the field.[5]

Iran aims to increase gas output to 1 trillion cubic meters by 2018. In 2012, before sanctions, its output was at 160.5 billion cubic meters. As of 2017 Iran lacked ability to freeze its natural gas into LNG in order to load on tankers for export. [6]

In 2017 the French Owned Total signed a 20-year contract with the National Iranian Oil Company to develop phase 11 of South Pars.[3] It become the first major Western oil company to sign an energy agreement with Iran's sanctions eased.

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.

References

  1. 1.0 1.1 1.2 1.3 1.4 http://bit.ly/2mxwFOc. {{cite web}}: Missing or empty |title= (help)
  2. Persian LNG Terminal, Wikipedia, accessed April 2017
  3. 3.0 3.1 3.2 Susan Kurdli, "The energy factor in the GCC crisis," Al Jazeera, July 28, 2017.
  4. Bate Felix, "France's Total seeks stake in $4 billion Iranian gas field project," Reuters, March 17, 2017.
  5. Juan Cole, " The Nation, July 28, 2017.
  6. Oleg Vukmanovic and Bate Felix, "Geoscience warns of supply issues for 20-year LNG contracts", Reuters, February 27, 2017