French Company Interested in Buying Associated Gas from Iran

A French firm has shown interest in buying associated gas from Iran’s Forouzan oil field to convert to LNG, country’s oil minister Bijan Namdar Zanganeh said Sunday.

"A small French company, in cooperation with its Iranian partners, has offered the National Iranian Oil Company (NIOC) on buying the associated petroleum gas (APG) of FZ-A platform in Forouzan oil field and convert it into LNG," Bijan Namdar Zanganeh said in a televised program on Sunday night, reported Fars News Agency.

"In case the NIOC accepts the French proposal, 25 percent of the total APG in Iranian Southern oil fields will be managed,' the minister said.

The French company plans to construct a platform in the neighborhood of FZ-A and undertake the conversion process there, Fars News said.

According to NIOC, the volume of the burnt flare gas in FZ-A platform currently stands at 5.4 million cubic meters (mcm) per day.