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Home International Customs

Iran plans to boost gas exports to 200mcm/d

byCT Report
02/08/2016
in International Customs
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TEHRAN: Iran plans to increase gas exports to 200 million cubic meters per day (mcm/d), Oil Minister Bijan Namdar Zanganeh said, emphasizing that exports via pipelines to neighboring countries and the completion of LNG projects are prioritized.

Addressing a conference which was held to celebrate the 50th anniversary of the National Iranian Gas Company (NIGC), Zanganeh added that the capacity of gas refineries will reach one billion cubic meters (bcm) in the next Iranian calendar year (March 2017-March 2018).

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The NIGC director for international affairs, Azizollah Ramezani, said on July 25 that the country’s annual gas exports volume is projected to hit 68 bcm by the next five years through transferring gas via pipeline, mostly to neighbors.

According to officials, Iran has so far signed deals with Turkey, Iraq, Pakistan, and Oman to export a total of 46 bcm of gas per year, but for the time being it only delivers to Turkey, while the country plans to export around 6 mcm per day of gas to Iraq in August.

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