Iran, Belgium in FLNG talks

Iran and Belgium have reportedly initiated talks for a possible floating LNG production unit off the Kharg Island in the Persian Gulf.

According to a release found on the National Iranian Oil Company’s website, the issue was brought during Iranian Minister of Petroleum, Bijan Zangeneh‘s talks with Belgian Secretary of State for Foreign Trade, Pieter De Crem in Tehran on Monday.

“If the two sides show flexibility and technical and economic negotiations bear results, (the Belgian side) will bring FLNG facilities to the Kharg region in not a distant time and Iran will begin producing LNG for the first time,” Zangeneh said.

Iran plans to build a capacity for exporting 40 million metric tons a year of LNG for shipment by special tankers.