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At Russian Energy Week panel;

Iran proposes achieving 30% share of natural gas by 2040

Iranian Oil Minister Bijan Zangeneh proposed setting the goal of achieving 30% share of natural gas in the world energy mix by 2040.

"Given the growing role of conventional natural gas as a clean fossil fuel in curbing GHG emissions growth; I propose setting the goal of achieving 30% share of natural gas in the world energy mix by 2040 to be achieved through various means with emphasis on the power sector," Zangeneh said, addressing the Russian Energy Week panel.

According to the report of the public relations of the National Iranian Gas Company (NIGC), he said that over the past 40 years, Islamic Republic of Iran has managed to boost its gas production rate to 750 million cubic meters per day (MMcm/d). 

"Given the 17 percent share of Iran in the world"s proven natural gas reserves, Iran"s role in the global energy security is undeniable, and next year our output is expected to surpass 1 billion cubic meters per day," he added.

He went on to say that over the last three decades, the share of gas in Iran"s energy basket has grown annually and now its share in the energy mix has reached over 70 percent, largely by replacing oil in the household, power generation, and industry sectors. 

"At present, around 95 percent of urban and rural households have access to natural gas," Zanganeh said.

He added that, natural gas development policy in Iran has not only improved social justice, but also has reduced energy poverty. In addition Iran has annually prevented emission of Green House Gases (GHG) by around 3%. The access of rural population to natural gas has significantly contributed to woodland protection and has prevented deforestation by replacing fuel wood by natural gas.

"Our efforts in protecting the environment are continuing. For example, we intend to bring gas flaring close to zero by 2021," he said.

Elsewhere in his remarks, Zanganeh stressed the fact that Iran is completely complying with its international commitments in all areas.

"Our strategy is respecting and fulfilling international commitments, as well as the development of cooperation in the context of multilateralism. Regional and international cooperation are among our priorities in the energy sector," he said.

 

 

 

  • 9/10/2019 - 12:40
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