Kish Linked to Nat’l Gas Grid 

Close to 28 mcm of natural gas per day are transferred to Kish Island, which help cut consumption of liquid fuels in power plants by 500 million liters
Kish Linked to Nat’l Gas Grid 
Kish Linked to Nat’l Gas Grid 

Transferring natural gas to power plants, industries and households on Kish Island in the Persian Gulf off the southern coast of Iran will help save 7,000 tons of liquefied petroleum gas and 500 million liters of diesel annually. 
Mohsen Khojastehmehr, managing director of the National Iranian Oil Company, made the statement on the sidelines of a ceremony to inaugurate a gas pipeline project that carries natural gas from Asalouyeh in Bushehr Province to the tourist island in Hormozgan Province, ISNA reported.
“The scheme, carried out by Pars Oil and Gas Company, a subsidiary of NIOC, is expected to raise the state-run’s firm’s annual revenues by $400 million as the company can increase its LPG and diesel export capacity,” he said.
Each liter of diesel is sold at 65 cents in international markets, while each cubic meter of natural gas costs 25 cents.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment