Iran and Malaysia sign gas deal


A USA 14 billion gas deal has been struck between Iran and Malaysia.

Reuters have reported that a deal involving a project to produce liquefied natural gas, and the development of two gas fields, has been signed with Malaysia’s SKS group, and Iran.

The deal is not the first to be made between the two, in December 2007 a multibillion dollar gas development contract was struck.

The National Iranian Gas Exporting Company and SKS had reached a preliminary USA 16 billion deal in Janurary 2007 to develop the southern Golshan and Ferdows gas fields and build plants to produce LNG.

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