Code: 368853 A

Iran has called on South Korea for cooperation on LNG projects, gas liquefaction plants and transporting LNG.

Managing Director of the National Iranian Tanker Company (NITC) Ali Akbar Safaei has said that NITC seeks developing LNG industry.

Speaking at a meeting with B.S.Park, the Chairman & CEO of Korea Register (KR), a Korean Classification Society, Safaei said that there are also several opportunities for cooperation on offshore sectors.

In Turn, Park also welcomed cooperation with Iran and said that his organization is ready to finance Iran's LNG projects.

Earlier Jafar Pourfarjoudi, spokesperson of Iran's Oil Ministry told Trend, that the Islamic Republic is planning to obtain the floating liquefied natural gas vessels (FLNG) as a solution for exporting gas to distant markets.

The National Iranian Gas Exports Company (NIGEC) and South Korean KOGAS have recently signed a MoU for gas cooperation.

Based on the document, the parties will cooperate in exporting Iran's gas in the form of LNG, gas marketing and transfer of experiences.

In mid-March, the media in Seoul reported that KOGAS is looking into Iran-Oman gas pipeline project which experts say requires an investment of at least $1.5 billion.

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LNG South Korea cooperation
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