Iran Economy NewsIran to export liquefied gas to Argentina, Cuba, Press...

Iran to export liquefied gas to Argentina, Cuba, Press TV says

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Bloomberg: Iran plans to export liquefied natural gas to Argentina and Cuba as part of a joint venture with Venezuela, state-run Press TV reported, citing a top industry official.

By Ladane Nasseri

Dec. 6 (Bloomberg) — Iran plans to export liquefied natural gas to Argentina and Cuba as part of a joint venture with Venezuela, state-run Press TV reported, citing a top industry official.

Venezuela has long-term contracts to supply natural gas to Argentina and Cuba by 2013, said Ali Kheir-Andish, the managing director of Iran LNG Co., a subsidiary of National Iranian Oil Co.

Petroleos de Venezuela SA has a 10 percent share in Iran’s LNG project and under the agreement part of the gas needed by Venezuela and Cuba will come from the Persian Gulf country, the news channel said in a report on its website late yesterday.

The construction of Iran’s LNG plant at Tombak Port in the southern province of Bushehr, which will be connected to the country’s South Pars gas field, is 40 percent complete, Press TV cited Kheir-Andish as saying.

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