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Iran among Top Gas Suppliers by 2040

 Iran among Top Gas Suppliers by 2040

Monday، 04 March 2019 | Article Rating

TEHRAN (Shana) -- The former Secretary General of the Gas Exporting Countries Forum (GECF) said the latest estimates indicated that Iran, China, the US and Russia will be the four biggest suppliers of natural gas by 2040.

Addressing the 6th Drilling Congress and Exhibition in Tehran on Saturday, Mohammad Hussein Adeli told a specialized panel at the congress that in the 2040 outlook of the world, the Earth’s population would grow by 1.7 billion of which 1.6 would be the urban population, meaning that demand for energy would grow dramatically.

The former GECF Secretary General added that the global demand for natural gas would increase by about 50 percent (by roughly 1,718 billion cubic meters) to reach 5,427 bcm by 2040, adding, according to statistics, by at least the next 30 to 40 years, fossil fuels would remain the dominant fuel in the global energy mix and in 2040, 76% of the world's energy would be supplied by fossil resources.

Adeli further said that the latest estimates indicated that China and Iran along with Russia and the US would be the top natural gas suppliers in 2040.  

This year's event includes 30 specialist panels, 5 workshops and over 100 presentations and lectures on the dimensions and requirements of projects on enhancement and maintenance of production from the technical, financial, legal, contractual, insurance and risk management viewpoints.

Moreover, reviewing business strategies in exploration and production companies, general contractors, drilling companies, and technical services is top on the agenda of the congress.

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Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.​

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