Payvand, Iran
June 10 2005

Iran: Gas exports from Assalouyeh to earn 5 billion dollars 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.