Iran and China Suspend $3.3 Billion LNG Project, Mehr Says
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Iran and China suspended a contract to build a liquefied natural gas plant in the Persian Gulf port of Asaluyeh “until further notice,” the Mehr news agency reported, without saying where it obtained the information.
The governments decided to halt the 2.6 billion euro ($3.3 billion) contract because the Chinese group involved was unable to finance the project, the state-run agency said today.