sanctions

France eliminates sanctions on Iran’s gas

TEHRAN, Feb. 8 (MNA) – France has officially eliminated sanctions on Iran’s gas after Geneva nuclear deal between Iran and Powers.

A year after gas sanctions mounted on Iran by 28 EU countries, France is now the first country to eliminate sanctions and will import Iran’s sour gas and other gas products.

National Iranian Gas Company (NIGC) said in a report that the new round of gas negotiations between Iran and French gas company officials had been resumed. “In the joint meeting of National Iranian Gas Company CEO and officials and French company officials, they discussed about gas project development and cooperation including gas distribution,” the report said.

In addition to French company, the NIGC had sessions with officials from Republic of Azerbaijan, Oman, and Pakistan to discuss gas exports to these countries.

The new round of talks between NIGC and French Total and also GDF Suez had been resumed in Tehran. GDF Suez is the greatest gas distribution company in the EU. The company’s website said that the company had been granted 344 permissions on exploration and development of oil and gas sectors in more 16 world countries. GDF Suez is also the second importer of LNG (Liquefied Natural Gas) and greatest distributor in the EU.

Before sanctions on Iran agreed, Norway’s Statoil had been importing thousands of tons of liquefied gas in buyback contracts with Iran to develop South Pars 6 and 8 phases. With sanctions agreed by the EU, Statoil would face huge losses if it did not import liquefied gas from Iran. To avoid such losses, the company had waged attempts to gain exemption from sanctions.

By Mehr News Agency 

 

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