UANI

"Later in October, a second South Korean company, Daelim, announced that a consortium it heads had won a contract to build onshore processing facilities for Phase 12 of South Pars. The consortium includes three Iranian engineering and construction companies: Sazeh Consult, Kayson and Iran Industrial Networks Development Company. The value of the contract is close to US $2bn. The bulk of Phase-12 output is scheduled for a liquefied natural gas (LNG) plant, with a daily output of 3bn cu ft of gas and 120,000 barrels of gas condensates. The Daelim-led consortium was until this year headed by Dragados, but the Spanish company dropped out, apparently under political pressure. The Phase-12 liquefaction facilities will be at Bandar Tombak, around 40 km north-west of Assaluyeh, the port where gas from South Pars will also be processed for pipeline transmission." (EIU Country Report Select, "Economic Performance: South Korean Firm Signs Gas Deal with Iran," 11/10/2009)