Iran's Gas Exports And Imports Turn To Be Remarkably Minimal - Deputy Oil Minister
Date
10/22/2024 5:13:18 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 22. Iran's annual gas
exports are about 20 bcm and imports are zero, Iran's deputy oil
minister and executive director of the National gas Company Saeed
Tavakoli said at the 5th international conference on the new
technologies in the oil, gas, and petrochemical industries in
Tehran on October 22, Trend reports.
According to him, even though the country has a lot of gas
production and potential, its exports are quite modest.
Tavakoli noted that the National Gas Company has 21 gas
processing plants on its balance sheet, and its gas processing
capacity is 1,075,000,000 cubic meters per day. It has 40,680
kilometers of natural gas transmission pipelines. It can store 3.4
bcm of gas per year. Underground storage facilities can extract up
to 30 million cubic meters of gas daily.
The official stated that natural gas accounts for 25 percent of
the world's gas portfolio. However, this figure represents 70
percent of Iran's gas portfolio. Nevertheless, there is a mismatch
between gas production and consumption in the country.
Iran is considered the second-largest gas reserve country in the
world, with approximately 34 trillion cubic meters of gas reserves.
Presently, 22 gas fields are operating in Iran.
Iran is reportedly producing 1.07 billion cubic meters of rich
gas daily from various gas fields.
To note, Iran's state budget plans to export 17 bcm of gas in
the next Iranian year (from March 21, 2025, through March 20,
2026).
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