Legal and Regulatory Environment of LNG Projects in Iran

Aldolhossein Shiravi Abdolhossein Shiravi (PhD) is Associate Professor, Tehran University (corresponding author). His address is 8th Floor, Petroleum & Development Company, No 21 Shahid Kalantari St, Gharani St, Tehran15988, Iran; tel: +(98) 21 8889 2862; fax: +(98) 8889 8668; e-mail: [email protected]. Seyed Nasrollah Ebrahimi (PhD) is Assistant Professor and Director of the Legal and Contractual Department of PEDEC of the National Iranian Oil Company (NIOC). He can be contacted by e-mail at [email protected]. This article has been written in the personal capacity of the authors; it reflects neither the views of PEDEC nor those of NIOC.

Seyed Nasrollah Ebrahimi Abdolhossein Shiravi (PhD) is Associate Professor, Tehran University (corresponding author). His address is 8th Floor, Petroleum & Development Company, No 21 Shahid Kalantari St, Gharani St, Tehran15988, Iran; tel: +(98) 21 8889 2862; fax: +(98) 8889 8668; e-mail: [email protected]. Seyed Nasrollah Ebrahimi (PhD) is Assistant Professor and Director of the Legal and Contractual Department of PEDEC of the National Iranian Oil Company (NIOC). He can be contacted by e-mail at [email protected]. This article has been written in the personal capacity of the authors; it reflects neither the views of PEDEC nor those of NIOC.

Abstract

Iran holds 15.9 per cent of the proven gas reserves in the world and exports of gas in the form of liquefied natural gas (LNG) have long been regarded by the Iranian Government as a vehicle for holding a fair share in the gas export market. This article examines the legal environment surrounding LNG projects in Iran. To this end, the laws that have a significant impact on the implementation and operation of LNG projects, such as laws relating to the promotion and protection of foreign investment, public procurement and oil and gas related laws, will be reviewed and their effects on international oil companies participating in LNG projects will be assessed. This will be followed by an examination of the effectiveness of this system.

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Legal and Regulatory Environment of LNG Projects in Iran

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Legal and Regulatory Environment of LNG Projects in Iran

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