Sunday September 2, 2012

I've Been Thinking:

Three years ago a consortium from China and Iran agreed to mutually build and share a liquid natural gas conversion processor.
China was to put up $2.6 billion and the two countries would reap the profits.

Three years later, Iran is frustrated with China. The money was just coming too slowly. So the deal is off and Iran is going it alone.

This was reported on Sunday by MEHR news agency which is an official mouthpiece of the Iranian government.

Iran was hoping that a deal like this with China would immediately create a market for their liquid natural gas and keep everything in a closed circle. That way, their production, conversion, transport and sale would all be kept just between China and Iran.

Now Iran will have this new factory join the other few factories they have for converting gas to LNG and selling it on the open market.

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