{"id":31004,"date":"2018-10-27T11:46:17","date_gmt":"2018-10-27T06:16:17","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=31004"},"modified":"2018-10-27T11:46:17","modified_gmt":"2018-10-27T06:16:17","slug":"ovl-drops-plan-to-build-iran-lng-facility","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/ovl-drops-plan-to-build-iran-lng-facility\/","title":{"rendered":"OVL drops plan to build Iran LNG facility"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/business\/Industry\/ovl-drops-plan-to-build-iran-lng-facility\/article22851639.ece\"><b>OVL drops plan to build Iran LNG facility<\/b><\/a><\/p>\n<p><b>Context:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">ONGC Videsh Ltd. has dropped plans to build a $5 billion LNG export facility in Iran<\/span><\/p>\n<p><b>Details:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">ONGC Videsh Ltd. has opted to only invest in developing a giant gas field in the Persian Gulf for which the revised cost is being worked out<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In 2017, OVL, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), had made its \u2018best\u2019 offer to spend $11 billion in developing the Farzad-B field in the Persian Gulf as well as in building the infrastructure to export the gas<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">However, Iran had dithered on awarding rights for the field to the Indian firm owing to differences over investments and price of gas.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The company has now agreed to do just the upstream field development part, leaving fuel marketing to Iran, the official said.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">As had been agreed during the visit of Iranian President Hassan Rouhani in early February, a team of OVL officials will be visiting Tehran to discuss modalities of the upstream development.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>OVL drops plan to build Iran LNG facility Context: ONGC Videsh Ltd. has dropped plans to build a $5 billion LNG export facility in Iran Details: ONGC Videsh Ltd. has opted to only invest in developing a giant gas field in the Persian Gulf for which the revised cost is being worked out In 2017,&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/ovl-drops-plan-to-build-iran-lng-facility\/\">Continue reading <span class=\"screen-reader-text\">OVL drops plan to build Iran LNG facility<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-31004","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704591297},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/31004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=31004"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/31004\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=31004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=31004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=31004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}