Page 48 - IRANRptAug22

Iran launches tenders for LNG terminals
There has to be serious doubt that enough citizens would risk their hard currency and gold savings in oil transaction investments given the deep uncertainties facing the Iranian oil industry in the years ahead.
In anticipation that the nuclear deal will be renewed, Iran has announced tenders for gas liquefaction (LNG) projects, SHANA reported. State-owned National Iranian Oil Co. (NIOC) announced that it is accepting bids for the construction of small LNG terminals until April without specifying the size, location or construction time needed for the projects.
“Iran is resuming efforts to export LNG as Europe tries to reduce dependence on Russia, and negotiations are underway to lift sanctions on the country. The previous eight Iranian LNG projects have stalled due to restrictions and lack of capital, including partnerships with France's Total and Russia's Gazprom," Bloomberg correspondent Stephen Stapczynski tweeted on March 15.
Iran has three large LNG projects: South Pars LNG with a capacity of 10mn tonnes per year with Total, Persian LNG with a capacity of 16.2mn tpy with Shell and Iran LNG with a capacity of 10.8mn tpy. Most of the work on the latest project had been completed, but the resumption of US sanctions in 2018 meant that the German Linde was unable to deliver equipment to Iran.
As noted by Argus, in 2019 the country produced 244bn cubic metres of gas, but with high consumption, only 20 bcm was exported, which went to Turkey and Iraq.
Russian Foreign Minister Sergei Lavrov said Moscow had received US written assurances that sanctions would not apply to Russia's co-operation with Iran and was in favour of resuming the deal as soon as possible.
9.0 Industry & Sectors 9.1 Sector news
9.1.1 Oil & gas sector news
Iran aims to team up with Russia for $60bn Oman and Pakistan gas pipeline project
Iran intends to implement a $60bn project to export gas to both Oman and Pakistan with Russia, official energy news agency SHANA reported on July 27.
A deal for the undersea pipeline part of the project, which would transit gas to Oman's Musandam province at a minimum rate of 28mn cubic metres per day, was signed with the Omanis back in 2013. The project was also configured to encompass a second pipeline that would cross Iran's southern border into Pakistan.
The project failed to progress but an agreement to revive it was reached in May when Iranian Oil Minister Javad Owji visited Muscat. It was then placed on hold due to cost disagreements.
Owji made the announcement that Russia was to be brought into the project amid a tightening of trade and investment and political relations between Tehran and Moscow, with the need of both the Iranians and the Russians to sidestep Western sanctions now a driving factor in bilateral economic talks. "Given the negotiations with the Russian state corporation Gazprom and the
48 IRAN Country Report August 2022 www.intellinews.com