Iran stresses technology transfer in gas industry contracts

TEHRAN Oct. 11 (Shana) – Managing Director of the National Iranian Gas Company (NIGC) said transfer of technology rather than transaction of products has been the priority policy during negotiations with the foreign companies.

“In the talks with domestic producers and investors, we made it clear that transaction policy dates back to the last decade and that today we have to achieve the technology and know-how used in the production,” Hamid-Reza Araqi told Shana.

“Thanks to the sanctions, the competent domestic firms succeeded in taking drastic measures for production of the industry’s equipment which will be expedited with access to the latest technology,” he added.

As possessor of the world’s largest gas reservoirs, the deputy petroleum minister said, Iran has numerous scenarios for its export and increased participation in the global gas trade.
Earlier, Araqchi said Iran is studying a host of schemes for presence in the international and European gas markets in addition to the neighboring countries.

“It is economical to export gas to the neighboring countries. Following the nuclear agreement, it is possible to export gas to Europe through Turkey too. There are also experts who suggest that to enter distant global markets, it is better to export gas in LNG because it will become more economical,” he added.
He said meeting the increasing domestic demand as well as boosting export of gas and presence in the global market are among NIGC’s major plans.

Appropriate infrastructure including gas pipeline, compressor stations and gas processing plants plus suitable geographical location have provided the possibility for the Islamic Republic of Iran to export its gas.