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German outfit gets Iran LNG nod

Germany's federal export control office has cleared the way for engineering outfit Steiner-Prematechnik-Gastec to build equipment Iran plans to use in three liquefied natural gas plants, according to reports.

The Federal Office of Economics & Export Control concluded after a 12-month investigation that plans by Steiner-Prematechnik-Gastec to build equipment for converting natural gas to liquids do not violate sanctions against Iran.

"Because the equipment would be built here [in Germany] and then sent to Iran, that work does not fall under any existing sanctions involving Iran," Holger Beutel, a spokesman for the government office, told the Associated Press.