Beijing-Seoul vie over buying Iran’s gas

TEHRAN, Jun. 30 (MNA) – After South Korea, Beijing resumes importing LPG from Iran after four months. Since Iran has a limited export capacity it is expected that competition between Seoul and Beijing over purchasing Iran’s gas will intensify.

In lines with Iran’s surplus gas export policies, Iran’s LPG exports to South Korea resumed earlier this year and as officially reported by South Korea’s state customs, after an 8-month suspension, Iran has exported a monthly average of over 70 thousand tons of LPG to this Asian country over the past two months.

With the resumption and increasing of Iran’s LPG exports to South Korea, China joined the petroleum product’s costumers and after a 4-month pause, Iran has sold 88 thousand tons of LPG to China.

According to reports from international media sources, a cargo of 33 thousand tons of propane and 11 thousand tons of butane was discharged in the Chinese port of Daxie. The cargo was delivered to China via a ship-to-ship transfer.

Previously Lebanon officially expressed willingness to purchase Iran’s LPG and it has been agreed that Iranian companies will participate Lebanese tenders for fuel oil and LPG.

By Mehr News

 

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