Dubai: Mohammad Souri, chairman of NITC (National Iranian Tanker Company) has told ltold media that the independent tanker company will need a substantial LNG fleet to handle projected gas production in Iran, half of which is expected to be carried on domestic hulls, reports Tehran Times. ''Given the plan on production of more than 80m tons of LNG annually, we have to build at least 40 vessels to carry 50 percent of the product," he said
"Concurrent with the signing of the contract on gas production, LNG plant, and export docks, the contract on the building of LNG carriers should be inked and the issue demands the finalization of LNG contracts,'' he concluded, adding that Iran expects to ship its first instalment of the gas in 2011. [16/10/07]
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