By LNG World News National Iranian Oil Company said it has signed a deal with the Oslo-based IFLNG for the production of liquefied natural gas (LNG) in Iran.
According to the deal signed between NIOC and IFLNG, a joint venture set up by Hemla Vantage and Kharg Gas Refining Company, the two companies intend on deploying the Exmar-owned Caribbean FLNG unit capable of producing 0-5 mtpa of LNG per year.
According to a NIOC statement, the two companies have already taken necessary steps to implement a 20-year deal for the sale of natural gas. It is also planned for the Caribbean FLNG to be deployed
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