Iranian company to focus on LNG carriers

Executive explains Iran's long-term energy prospects.
A panel discussion taking place during Maritime Outlook Middle East, with NITC chairman Mohammed Souri sitting second from right.
A panel discussion taking place during Maritime Outlook Middle East, with NITC chairman Mohammed Souri sitting second from right.

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Speaking at the Maritme Outlook Middle East conference in Abu Dhabi today, National Iranian Tanker Company (NITC) chairman Mohammed Souri indicated that the regional shipping industry is set to benefit from a doubling of oil exports from the Middle East between now and 2030.

Souri also indicated that his company was planning to order 40 liquefied natural gas (LNG) carriers as soon as LNG operations at Iran's North Pars and South Pars gasfields got under way.

Iran is planning to construct three to four refineries to increase its share of oil products exports, said the NITC executive, who added as an aside that the country also foresees production of 80 million tonnes of LNG by the end of the 2012-2020 period - a figure that exceeds even that of Qatar's projected output.

"By 2030, 50% of the world's gas will be traded in liquid form," Souri stated.

Souri predicted that the current recession would spell the end of the global single-skin hull fleet but added that he hoped the Strait of Hormuz would remain a peaceful shipping lane for the benefit of all nations. 

"The Strait is an international waterway and no country has any right, or any plan, to close it," he said.  

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