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Iran to join LNG race in Asia with huge North Pars development
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Iran To Join LNG Race In Asia With Huge North Pars Development By Simon Watkins - Mar 02, 2021, 6:00 PM CST
With Asian spot liquefied natural gas (LNG) prices having risen to unprecedented levels in January and the outlook remaining extremely robust Iran believes now is the time to move full ahead with its long-term strategy to become a leading global LNG supplier. A key focus for this will be the North Pars non-associated natural gas field that was the largest gas reservoir in Iran before the discovery of supergiant South Pars field in 1990. Propitiously for the speed of development of North Pars, not only are the spot prices of LNG set to remain at the historical high-end but also Iran has virtually completed all phases of its South Pars development.
Iran to join LNG race in Asia with huge North Pars development
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Moon appoints ministers, neglects political cooperation pledge
Posted : 2020-12-29 17:38
Updated : 2020-12-29 18:13
President Moon Jae-in greets Land Minister Byeon Chang-heum during an appointment ceremony at Cheong Wa Dae, Tuesday. Yonhap
By Do Je-hae
President Moon Jae-in has come under fire for once again disregarding the opposition and naming controversial figures to key Cabinet posts.
Moon handed out letters of appointment to four new ministers during a ceremony at Cheong Wa Dae, Tuesday, including Land, Infrastructure and Transport Minister Byeon Chang-heum. The former CEO of the Korea Land and Housing Corp. (LH) has been grilled over his past controversial comments and actions but the ruling Democratic Party of Korea (DPK) unilaterally approved his nomination following a confirmation hearing despite protests from the main opposition People Power Party (PPP), Monday. Moon formally appointed Byeon shortly after the DPK s approval