Iran readies LNG carrier ordering spree

Iran readies LNG carrier ordering spree

National Iranian Tanker Co (NITC) will shortly unveil a raft of LNG orders in South Korea and China as well as plans to build gas ships on home soil. NITC officials have been in both countries recently looking at crude tanker orders and LNG carriers too. Local press in Iran claims LNG orders will be announced soon.

Iran is preparing for sanctions to lift and for it to swing back strongly as a large energy exporter.

Iran is looking to tap foreign expertise to form joint venture constructions of LNG carriers at a yard near Bandar Abbas. VLCCs built domestically are also under consideration.

Separately, Iran is looking to speed up its limited gas infrastructure by bringing in an FLNG and has started discussions with Belgium’s Exmar. The FLNG would be brought into Iran’s Kharg region.

Iran has the world’s second largest reserves of gas, estimated to be around 34trn cu m. Sanctions by the US and EU against the country are likely to be lifted early next year.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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