Islamic Republic News Agency, Iran
June 9 2005

Gas exports from Assalouyeh to earn dlrs 5 bn a year

Assalouyeh, Bushehr prov, June 9, IRNA

Iran’s gas exports from Assalouyeh region will earn the country as
much as five billion dollars a year.

Managing Director of National Iranian Gas Company Roknoddin Javadi
told IRNA that his company had finalized talks with foreign companies
for export of 20 million tons of LNG and contract on export of an
additional 7.5 million tons will be signed in the next few days.

Javadi said the contract for transfer of gas to the UAE, Azerbaijan
and Armenia through pipeline is finalized and talks are underway for
conclusion of three more contracts.

Once the contracts are enforced Iran’s annual LNG exports will earn
it as much as dlrs 3.5 to four billion and exports through pipelines
will fetch about one billion dollars a year.