Iran’s gas export revenues are predicted to double once gas exports to Pakistan, Iraq, and some European countries start, the Mehr News Agency quoted Iranian deputy oil minister Javad Oji as saying.

Currently, Iran earns some $3 billion from exporting gas, he said, adding that a new roadmap will soon be developed to target potential markets.

He went on to say that the country will start exporting liquefied natural gas (LNG) within following three years.

He added that LNG exports will amount to 10 million tons per year.

Iran will start early production of LNG at the Iran LNG Plant in southern Assalouyeh region within the next two years in a bid to give a boost to its LNG output and exports, managing director of Iran LNG Company, Ali Kheirandish said in January.

Some $1.5 billion has been allocated to the project, he told the Mehr News Agency, adding that the project is aimed to produce 10.8 million tons of LNG per year. Exporting the product will earn the country up to $20 million per day.

In October 2011, Kheirandish told the Pana News Agency that Iran plans to export 30 percent of its LNG output to Europe.

China and India will be the two major markets for Iranian LNG in the long run, he added.

Source: Trend News Agency