PARIS (AFX) – Gaz de France confirmed it is in negotiations with Total SA and the Iranian government to obtain a role in Pars LNG, the liquefied natural gas project that involves the development of Phase 11 of the giant South Pars Gas Field.

Earlier the daily Les Echos said GDF is seeking an 8-10 percent stake in Phase 11, a 4-5 percent stake in a gas liquefaction plant to be built as part of the project, and a 25 year contract to buy between 2 and 3.4 billion cubic meters of gas per year from the zone.

It said the investment involved would be €210-265 million.