Iran’s nat­u­ral gas ex­ports in­crease: NIGC

Iran Daily - - Front Page -

Iran’s nat­u­ral gas ex­ports in­creased by 3.6 bil­lion cu­bic me­ters in the past Ira­nian year (end­ing March 19) reg­is­ter­ing a 26 per­cent rise year-on-year, said the man­ag­ing direc­tor of the Na­tional Ira­nian Gas Com­pany (NIGC).

Re­fer­ring to the gas in­dus­try’s record in terms of pro­duc­tion, trans­mis­sion, dis­tri­bu­tion and ex­ports dur­ing the pre­vi­ous Ira­nian year, Has­san Mon­tazer Tor­bati said that the in­crease in ex­ports was re­al­ized de­spite the sig­nif­i­cant in­crease in do­mes­tic con­sump­tion, re­ported IRNA.

“Last year, cu­mu­la­tive con­sump­tion by do­mes­tic, com­mer­cial and small in­dus­trial sec­tors in­creased by about 10 bil­lion cu­bic me­ters, but de­spite new con­sump­tion records, the gas sup­ply to ur­ban and ru­ral house­holds was not in­ter­rupted while ex­ports in­creased,” he said.

Not­ing that the to­tal gas pro­duc­tion in the pre­vi­ous year reached about 270 bil­lion cu­bic me­ters, Tor­bati em­pha­sized that con­sid­er­ing the in­crease in both pro­duc­tion and con­sump­tion of nat­u­ral gas, the na­tional net­work han­dled the trans­mis­sion of the added out­put smoothly.

The NIGC head fur­ther noted that the coro­n­avirus out­break hasn’t had any a neg­a­tive im­pact on the com­pany’s de­vel­op­ment projects and pro­grams.

“With care­ful plan­ning and with the im­ple­men­ta­tion of all health pro­to­cols, the out­break of the coro­n­avirus did not dis­rupt the gas in­dus­try’s de­vel­op­ment process,” he said.

Iran is cur­rently ex­port­ing gas to its west­ern neigh­bors in­clud­ing Turkey and Iraq.

In May, Tor­bati said that the con­di­tions gov­ern­ing Iran’s long-term gas con­tracts will prob­a­bly un­dergo es­sen­tial changes af­ter the coro­n­avirus pan­demic.

The of­fi­cial told ILNA that Iran would in­tro­duce new pric­ing mech­a­nisms in gas ex­port deals in the fu­ture, with­out elab­o­rat­ing on how they would work.

SHANA

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