China goes for gas in Iran
Beijing glimpses a Middle East energy consolidation, by replacing France's Total in South Pars gas expansion venture
By the beginning of August, Total will know whether or not it has a future in Iran. The Iranian authorities have given it two months to seek an exemption from US sanctions on their country. Total is involved in the Phase 11 development of the huge offshore South Pars gasfield, which is shared with Qatar—with the Qataris calling it the North Field. As recently as April, the French firm issued tenders for sub-contracts for South Pars, still hoping for a miracle. The chances of the Trump administration allowing Total to ignore sanctions are remote. Furthermore, the likelihood is that France's loss will be China's gain. For Iran's oil minister Bijan Zanganeh said recently that "if the US adminis
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
