Iran can play a role in LNG market

SHANA – The head of the market analysis section of the Gas Exporting Countries Forum (GECF) said Iran could play the role of liquefied natural gas (LNG) and FLNG markets in Asia, especially in India and China.

In an address at a panel on the second day of the 4th Iranian Petroleum and Energy Club Congress & Exhibition in Tehran on Wednesday, Mahjoobeh Balefa said, “Our view is that we can develop gas as a fuel of selection for people, because gas is more affordable and cleaner.”

“Our goal at GECF is to support members and increase the value added of their gas reserves; in fact, we are seeking energy security,” she said.

The policy of removing coal-run power plants in the Netherlands and France, and imposing carbon taxes, will open up more space for boosting natural gas consumption, she added.

She said Iran could increase its production capacity to meet its market demand and value added given its massive reserves.