It is impossible to take seriously, some publications that in two years will export the first LNG from Iran, said the Deputy Chairman of the management Board of the company Alexander Medvedev.
NEW YORK, 2 Feb. Iran’s output on the European market with large amounts of gas in the coming years is doubtful, said at a meeting with investors in new York on Monday, the Chairman of the Board of “Gazprom” Alexander Medvedev.
Iran after the release on 16 January, the international sanctions are actively looking for new opportunities in the extraction and export of natural gas, including through the development of gas liquefaction capacity to export to Europe in two years, reported by the Wall Street Journal with reference to the Director of the National company for gas export of Iran (NIGEC). The first possibility involves the resumption of operations at the LNG facilities of Iran. Before sanctions were imposed in 2012, work on this project has been completed 40%, at the moment, a full recovery will take another three to four years.
“I honestly cannot take seriously some of the publications that in two years will export the first LNG from Iran. We know the timing of such projects,” he said.
Member of the Board of “Gazprom” Oleg Aksyutin added that to ensure the export of Iranian natural gas by pipeline to Europe will also be problematic. “To move the stockpiles of Iranian gas to Turkey or Europe, you must move them to the North. And this should create the appropriate infrastructure. And to build a pipeline South-North. It must not be forgotten that the share of gas in energy balance of Iran is 60%, Iran needs to meet domestic demand for gas. To address this issue will need to do a great job to incur significant costs,” he said.