Referenced Stocks

Funding Dispute Foils Iran, China Gas Project Worth $3.3B

By International Business Times,  September 03, 2012, 03:21:04 AM EDT

A funding dispute over a proposed 2.6 billion euro ($3.3 billion) liquefied natural gas ( LNG ) plant between Iran and a Chinese consortium has been postponed.

The Mehr news agency on Sunday reported the project has been put to the backburner "until further notice" because the Chinese group involved to make the project was unable to finance it.

No details as to whom or from where it got its information were provided.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: LNG



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