Kommersant: France's Total Eyes LNG, Oil Projects in Iran



Reuters

MOSCOW, July 17 (Reuters) – French energy company Total is eyeing liquefied natural gas (LNG) and oil projects in Iran, Russian business daily Kommersant cited Total's Chief Executive Patrick Pouyanne as saying.

"We are looking at both gas and oil. When we had to leave Iran in 2006 we were actively working at an LNG project at South Pars (field). So, first of all, we are closely looking at LNG projects," he told the paper in comments published on Friday.

Iran has the long-term potential of becoming one of the world's top gas producers, thanks to its 34 trillion cubic meters of natural gas reserves, or around 18 percent of the world's total.

Iran and six world powers reached a landmark nuclear deal on Tuesday, clearing the way for an easing of international sanctions on Tehran and higher oil exports.

Pouyanne told the newspaper that Total's participation in Iran's oil and gas development would depend on the terms that Tehran offers to foreign investors.

(Reporting by Vladimir Soldatkin; Editing by Dale Hudson)



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