|China, Iran plan LNG tanker JV|
|http://www.sina.com.cn 2005/02/02 16:39 Shanghai Daily|
Iran and China may set up a tanker venture to carry liquefied natural gas, helping Iran ensure deliveries of its gas to the world's second-largest energy consumer, an Iranian official said.
Iran, the site of the world's second-largest oil and gas reserves, signed an agreement last year to sell China 250 million metric tons of liquefied natural gas over a 30-year period. LNG is natural gas that is cooled to a liquid so it can be carried by tankers rather than pipelines.
"We hope to set up the joint venture this year because delivery will start in 2009," Mohammed Souri, chairman of state-owned National Iranian Tanker Company, said by telephone from Tehran.
Iran is competing with Qatar, which has the world's third-largest proven gas reserves, to deliver liquefied gas to Asia.
Qatar plans to order 57 LNG tankers and become the world's biggest exporter of the fuel by the end of the decade.