Chairman of FGE, Dr. Fereidun Fesharaki, says this is expected in the short term while the medium to long term looks promising with global prices expected to stabilise.
In his Global Energy Industry overview during the 2nd Petroleum and Energy Summit on Monday (March 19), Dr. Fesharaki said the recent earthquake in the highlands affected the potential revenue to be made from the increase in LNG prices currently experienced.
He, however, had further bad news, saying the estimated resumption of the PNG LNG Project could come at a time when sport prices were also falling.
