TEHRAN May 11(Shana)--Iran is looking for investors to produce liquefied natural gas (LNG) for delivery to gas customers, the head of National Iranian Tanker Company (NITC) said.

“We lagged behind in this market due to the sanctions. Now we are looking for investors,” Ali-Akbar Safaei said.
“LNG project is vital for Iran. Markets in the East and the West need Iran’s gas and we can produce production-transport-consumption chain in this sector,” he added.

Safaei said LNG market is a good opportunity for the future, adding: “Given the rivalry in marine transportation and flexibility in shipping, Iran’s LNG exports would be done by ship and at competitive price.”

By SHANA