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Sunday, 15 March 2009

Iran, China sign $3.2b gas deal

State TV says Iran and China have signed a $3.2 billion gas deal to produce more than 10 tons of liquid natural gas.

The deal was signed in Tehran 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.