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Official says Iran seeking to export natural gas through Gulf island of Kish

BBC Worldwide Monitoring

22nd July, IRNA -- Tehran is preparing to export 4.8m tons of liquefied natural gas and 600,000 tons of methanol from the South Pars gas field to Southeast Asia, said Mohammad-Reza Yazdanpanah, managing director of the Kish FTZ [Free Trade Zone] Organization.

In an exclusive interview with the English[-language] daily ' Iran News' published Thursday [22nd July], he added that the gas will be transferred to Kish first through a 200-km underwater pipeline where it will be processed and shipped to Southeast Asia.

He further emphasized that it is more economical to ship liquefied natural gas rather than transfer it through pipelines to Southeast Asia.

Maintaining that the processing of natural gas, separating the sulphur and constructing a refining complex in Kish is estimated to cost about 1.2bn dollars, he added that the figure does not include the cost of the 200-km pipeline from the gas field to Kish Island.

He said that Kish authorities are engaged in holding negotiations with foreign companies who are interested in the project to reach agreement on their participation in the project, possibly on buy-back basis.

Furthermore, studies conducted by the Kish free trade zone have concluded that Kish Island is the most suitable location for exporting Iranian gas due to exemptions from certain regulations granted to free trade zones, the existence of the necessary infrastructure and its proximity to the world's largest gas reservoir.


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