Iran puts LNG ambitions on hold amid sanctions
Tehran, August 09: Iran has put multi-billion dollar plans to create a liquefied natural gas industry on hold, the government has said, as new sanctions against Tehran’s nuclear programme start to bite in crucial economic areas.
Deputy Oil Minister Ahmad Ghalebani made no mention of sanctions when he announced the policy shift in a recent interview with the ministry’s news website SHANA, saying that exporting via pipeline made better sense for Iran “in the current situation”.