Press TV reported that Iran has received a proposal from Spain to use its liquefaction facilities to export LNG to Europe, said Oil Minister Bijan Zangeneh.

Zangeneh told reporters that the proposal was raised during his meeting with the visiting Spanish Minister of Industry, Energy and Tourism José Manuel Soria López.

While details have yet to be announced, many believe that this will take the form of some kind of reloading scheme, with future LNG supplies from Iran sent to other markets in Europe and beyond through a Spanish regasification terminal.

Zangeneh added he had discussed other areas of cooperation with his Spanish counterpart, including the oil industry, and that a key demand he had raised was for Madrid to prepare the grounds for the participation of Spanish enterprises in projects to produce oil industry equipment in Iran.

Meanwhile Iran’s Energy Minister Hamid Chitchian had met with a visiting trade delegation from Germany’s Baden-Württemberg State, headed by Nils Schmid, the deputy minister-president and minister of finance and economics of Baden-Württemberg, according to Trend News Agency

Other topics discussed were renewables, energy intensity and usage optimization, water and waste water treatment, electricity grids, etc.

Chitchian  promptly announced that investment his country’s energy sector will hit $30b in the post-sanctions era.

For his part Schmid said Baden-Württemberg State’s investment in Iran is about $1b, adding that this number will double in the coming months.