“Now’s a very good time for Iran to move ahead with its LNG strategy, as relatively low gas prices means there’s little opportunity cost in re-configuring the various sectors of its gas sector, and by the time that it is in a position to offer a significant LNG business, gas prices should be a lot higher,” he added. “Iran has thought for a long time that there’s a huge discrepancy between its status as a global gas superpower and its position in the global LNG market,” he told OilPrice.com last week. “Given how much more difficult it will be under the new U.S. sanctions to complete some of the pipeline export options for gas, the emphasis now is on finally realising an LNG capability,” he added. Always a prime advocate of Iran developing its status as a key global LNG supplier, in recent weeks Petroleum Minister, Bijan Zanganeh, has repeatedly pressed the issue at cabinet meetings, he underlined.
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