TEHRAN, Oct 12 (Reuters) – A senior Iranian energy official said on Monday the value of a possible new liquefied natural gas development deal with France’s Total (TOTF.PA) had fallen to $7.5-8 billion, state broadcaster IRIB reported.
Reza Kasaiezadeh, managing director of the National Iranian Gas Export Company, said this would represent a reduction compared with an earlier contract concerning phase 11 of the South Pars gas field in the Gulf which he valued at $12 billion.
Total declined to be drawn on the details of any possible deals in Iran. “We have no comment to make. However, Iran remains a country of interest to us in the long term,” a Total spokeswoman said.
“If it is finalised, the value of the new contract with Total will be between $7.5 to 8 billion considering the fall in the oil price,” Kasaiezadeh told IRIB.
