Business & Finance

Russia's Gazprom says signs memorandum on Iran LNG

Published December 13, 2017 Updated December 13, 2017 11:20pm

It said the memorandum was signed with Iranian Oil Industry Pension, Saving and Staff Welfare Fund.

Iran LNG is designed to have two lines of 5.25 million tonnes of annual capacity, each with a view of eventually increasing total production to 21 million tonnes per year. Its key shareholders are National Iranian Oil Company as well as Oil Industry Pension, Saving and Staff Welfare Fund.

Gazprom has a number of gas memorandums with Iran.

 

Copyright Reuters, 2017