11615
Single Measurement Unit at CNG Stations
Energy

Single Measurement Unit at CNG Stations

As of Friday, all compressed natural gas (CNG) stations were required to change CNG supply measurement units from cubic meter to kilogram, an initiative which prompted confusion among consumers over pricing ambiguities, Shana news agency reported.
The plan, aimed at unifying CNG measurements, sparked uncertainty over pricing as it's changed nominally in proportion to the new measurement unit, Amir Vakilzadeh, the National Iranian Oil Refining and Distribution Company's director for CNG station projects said.
CNG prices currently stand at 4,500 and 6,000 rials (13, and 17cents) per cubic meter and kilogram, respectively. To implement the plan, all stations were ordered to change piston meters and pump displays of all CNG pumps as to show kilogram only.
The commodity is supplied on a volume basis that is kilogram in more than 75 percent of CNG stations, meaning that 25 percent of the stations across the country should employ the new measurement unit henceforward. Every kilogram of CNG equals 1.44 cubic meters.  
CNG consumption currently stands at 18.5 million cubic meters per day. CNG accounts for 23 percent of Iran's fuel basket, but the number is projected to increase to 35 percent before the end of the Sixth Five-Year Economic Development Plan (2016-2021). Iran is one of the leading countries in promoting CNG with 2,249 stations. More than $2.4 billion has been invested for promotion of CNG, and close to 22,000 individuals are employed in this industry.

 

Short URL : http://goo.gl/oIoQ0h

You can also read ...

Libya Oilfield Halt Raises Crude Prices
Libya’s oil exports from the Mellitah terminal will be...
Russia’s energy giant Gazprom and five financial investors are already financing the project.
The Nord Stream 2 project will begin the process of attracting...
Maduro Promises to Recover Oil Decline
Venezuelan President Nicolas Maduro promised on Saturday to...
US Shale Investors Await Oil Payoff
US oil production has topped 10 million barrels per day,...
Trilateral MoU to  Build Solar Plant
Post Bank of Iran has signed a trilateral memorandum of...
Tehran Peak Power Demand Increases by  1,000 mw
Peak electricity consumption in the capital Tehran has...
Almost 1,118 km of pipelines have so far been laid in Sistan-Baluchestan Province.
In lines with efforts to provide the country's far-flung and...
SP Phase 14 Platform Sets record
The first flare stack of South Pars Gas Field's Phase 14 in...

Trending

Googleplus