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شنبه ۱۳ آذر ۱۳۹۵ تهران ۲۱:۱۷ - ۳ دسامبر ۲۰۱۶

Iran Sells Liquefied Natural Gas to China


Iran is trying to increase the export of its natural gas to China. With one of the fastest growing economies in the world, China is already the second biggest customer of Iran’s oil. Bijan Zangeneh –Namdar Iran’s oil minister, will be leading a delegation to China on Wednesday, according to oil ministry sources. The purpose of the trip is to negotiate a multi-billion dollar deal with China, which wants to purchase Iran’s liquefied natural gas, according to another oil and gas source in Iran. Iran already supplies 14% of China’s ever increasing oil demand. Some political analysts argue that while Iran is threatened, mainly by the US, to be referred to the UN Security Council over its nuclear activities, it hopes that China, a permanent member of the Council, can use its right of veto in support of Iran. However, Reuter reports that EU diplomats in Tehran do not believe that China’s energy ties with Iran would be enough to win her a veto at the UN Security Council. One diplomat predicted that most probably China, which has least exercised her right to veto, will abstain from voting. Abstention is not regarded as a vote at the Security Council. Other sources also believe that it is very unlikely that China would compromise her massive trade relations with the US for the sake of Iran’s oil and gas reserves.
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