Total chief says would have to review Iran gas deal if new sanctions arose
PARIS (Reuters) — French oil and gas major Total would have to review its Iran gas project if the United States decided to impose unilateral sanctions on Tehran, given its interests in the US market, its chief executive told CNN.
"Either we can do the deal legally if there is a legal framework," Patrick Pouyanne said in remarks made to CNNMoney Emerging Markets late on Monday. "If we cannot do that for legal reasons, because of change of regime of sanctions, then we have to revisit it."
Pouyanne's office confirmed the interview had taken place.
"If there is a sanctions regime [on Iran], we have to look at it carefully," Pouyanne also said.
"We work in the US, we have assets in the US, we just acquired more assets in the US," he added.
Reporting by Bate Felix in Paris and Parisa Hafezi in Ankara; Writing by John Irish; Editing by Sudip Kar-Gupta
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The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.
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October 25, 2018 08:30 AM CDT