OMV spokesman revealed the press on Friday that the Austrian company is considering to invest into a new Iranian LNG terminal to secure supply for its planned terminal in Croatia's Krk island. He added, however, that currently there is no concrete project outline or a funding plan yet.
Our view: According to the Austrian embassy in Iran OMV was Iran's first choice among investors for the EUR 3-5bn project. Since the project worth a third of OMV's total market cap, investors would be very sensitive on the planned return. Currently, in the lack of further information we consider the news as neutral.