Kuwait, Afghanistan to buy Iranian gas

News ID: 3618478 -
TEHRAN, May 07 (MNA) – NIGC international affairs director has announced Kuwait and Afghanistan as new customers of Iran’s gas.

Azizollah Ramazani, Chairman of National Iranian Gas Export Company (NIGEC) and International Affairs Director of (NIGC), described the latest status of Iran’s natural gas exports in the post-sanction era saying “currently, Iran produces a total of 700 cubic meters of gas per day while the figure has been estimated to reach 1.2 billion cubic meters by the end of the Sixth National Development Plan.”

Ramazani stated that Iran currently holds import, export and gas swap trade deals with Turkey, Armenia, Azerbaijan, Turkmenistan as well as Pakistan; “moreover, negotiations are underway with Afghanistan, Oman, Kuwait and Persian Gulf littoral states in order to reach stipulated objectives by exporting gas to neighboring countries.”

Deputy oil minister highlighted “besides neighboring countries, we could aim at large markets of India, China and Europe through pipelines and LNG as participation at LNG market and gaining its shares requires further investment.”

The official further touched upon NIGC’s plan to boost export volume recalling “given the increased production and implementation of new South Pars phases, a daily export capacity of 200 million cubic meters will be created while the figure can hit 350 million cubic meters by taking advantage of optimization projects.”

NIGEC chairman later pointed to the economic justification of gas exports explaining “gas production is rising inside the country and the gas export profit can contribute to the development of the industry which gives it Economic viability and compatibility.

“Export remain as one of Iran’s priorities and a daily amount of 300 to 350 million cubic meters of gas will be deployed to 15 neighboring countries over the coming years,” Ramazani concluded.

 

HA/3617589

 

Comment

9 + 0 =