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Iran Eyes 1 bcm Gas Supply by 2021

 Iran Eyes 1 bcm Gas Supply by 2021

Sunday، 21 October 2018 | Article Rating

TEHRAN (Shana) -- A senior Iranian gas official said the country was planning to bring its natural gas production capacity to a billion cubic meters per day by 2021.


Managing Director of the Iranian Gas Engineering and Development Company (IGEDC) Hassan Montazer Torbati said the supply of one billion cubic meters per day of natural gas by National Iranian Gas Company (NIGC) was one of the goals of the company by 2021.

In an address at a panel on the second day of the 4th Iranian Petroleum and Energy Club Congress & Exhibition in Tehran on Wednesday, the official said, “Today, the amount of rich gas produced in Iran is 250 billion cubic meters per year, which should increase to 363 billion cubic meters by the [calendar] year of 1400.” The Iranian calendar year begins on March 21.

He added: "For the time being, 230 billion cubic meters of gas is injected in the gas transmission network annually, which will increase to 340 billion cubic meters by the year 1400."

The official, emphasizing that 70 percent of the country's energy mix depended on natural gas, said a large part of gas consumption was related to the household and commercial sectors which could be reduced by 30 percent.

He added that Pakistan, Kuwait, Oman, Turkey, Armenia, Nakhichevan, Iraq, Afghanistan and the Kurdistan region, as well as converting gas to power for exports, were among Iran’s gas export goals for the 1400 horizon.

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