Iran, China sign $3.2 billion gas deal

March 14, 2009 15:44

Iran and China have signed a $3.2 billion gas deal to produce more than 10 tons of liquid natural gas, a report on Iranian state TV said on Saturday. The deal was signed in Teheran between Iran LNG Company and a Chinese-led consortium, the report said. The Chinese company will build a line to liquify gas in Phase 12 of the giant South Pars Gas Field in southern Iran. It didn't give further details. The United States is pushing for China and others to abide by United Nations sanctions aimed at pressuring Iran to rein in its nuclear program.

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