UK oil multinational BP is behind plans to build a massive liquefied natural gas terminal linked to offshore developments in southern Iran to ship 8 million tonnes per year of offshore gas to India and the rest of the world. BP has completed a GBP 10 million study with Indian energy giant Reliance and Iran’s National Iranian Oil Company to build the two-train facility and develop offshore production in the huge South Pars gas field. The consortium, with BP and Reliance holding a 25% stake and National Iranian 50%, plans to pipe gas from the South Pars offshore field to a new facility at the Persian Gulf port of Assaluyeh in the Pars Special Energy Economic Zone. BP and its partners hope to strike an agreement early next year to ship the gas to India, with other Asian destinations and Europe also under consideration.
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