Gas exports to reach 40 bcm per yearIran’s natural gas exports will reach 40 billion cubic meters (bcm) per year by the end of the Sixth Five-Year Economic Development Plan, Iranian Minister of Petroleum Bijan Namdar Zangeneh said...
Iran’s natural gas exports will reach 40 billion cubic meters (bcm) per year by the end of the Sixth Five-Year Economic Development Plan, Iranian Minister of Petroleum Bijan Namdar Zangeneh said.
During the 7th ANGVA Biennial International conference and Exhibition (ANGVA 2017), Zangeneh added that Islamic Republic of Iran plans to raise natural gas production to 1 billion cubic meters per day by March 2019, Iran’s SHANA news agency reported.
“We currently produce 850 million cubic meters (MMcm) of natural gas per day, but output is planned to hit 1 bcm/d one and a half years from now,” he said.
Zangeneh said the event is a good opportunity which can prepare the ground for introduction of Iran’s achievements and capabilities in Compressed Natural Gas (CNG) industry and enhancing collaborations with internationally active companies in the field.
“The conference can also pave the way for the cooperation of Iran’s organizations active in the field with their international opposite numbers,” the official said.
Iran sit atop the world’s largest natural gas reserves with an estimated volume of 34 trillion cubic meters.
“Now 90 percent of Iran’s population is connected to the gas network, which comprises 98 percent of urban households and 70 percent of rural households,” he stated.
Iran currently enjoys 2,400 CNG stations and over 4.5 million CNG-run cars that consume 20 million cubic meters of the fuel on a daily basis.
Iran holds the world’s second largest fleet of gas-run cars after China, Zangeneh said adding that over 16% of the world’s gas-run cars are in Iran.