24371
Zanganeh: Electricity Is Irreplaceable
Energy

Zanganeh: Electricity Is Irreplaceable

Electricity is irreplaceable, which explains why most countries build their power plants inside their own territories and generate electricity by importing gas, said Oil Minister Bijan Namdar Zanganeh.
Asked whether electricity export is more economical than gas, Zanganeh said, "There is a big difference between them. 30% of the generated gas in the world are exported, whereas electricity export is much less than that, ISNA reported. Zanganeh noted that electricity generation, as it is linked with security issues, is so crucial that countries never depend on others in this regard.
"In case gas import is interrupted, they replace it with another fuel so as to not stop electricity production," he said.
Referring to Turkey as an example, Zanganeh said, "This country generates 5 kilowatts of electricity by importing each cubic meter of gas from Iran at a cost of 40 cents. If 10.5 cents are spent for each kilowatt and we export electricity for 7 cents, naturally they will not purchase our gas."
According to the oil minister, Iran has a high potential for exporting electricity.
"We are willing to supply the private sector with gas to generate electricity and share the profit of exporting electricity with them," he said.

 

Short URL : https://goo.gl/jlquXQ
  1. https://goo.gl/FWN6zp
  • https://goo.gl/VMT2ig
  • https://goo.gl/kFGQRO
  • https://goo.gl/W3N9er
  • https://goo.gl/ettevL

You can also read ...

Swap operations resumed earlier this month after a seven-year break.
Iran is ready to ramp up oil swap capacity after receiving the...
Iran is pinning hopes on the investment and know-how of foreign oil companies to enhance extraction rates.
The National Iranian Drilling Company has completed drilling...
Chinese Refinery Blaze Extinguished
A fire that broke out on Thursday at state oil major...
Citi Forecasts $40-60 Crude for Next 5 Years
Citibank's commodities research team has tempered its outlook...
Pertamina Reiterates Interest in Khuzestan Oilfields
The chief executive officer of Indonesia's state-owned oil and...
GE to Help Develop Biggest Wind Farm in Australia
GE has announced that it has entered into an agreement with...
Major Gas Pipeline Launch in December
The construction of the 6th Iran Gas Trunkline (IGAT-6)–a...
Tavanir Urges Prudent Power Consumption
Hardwiring the culture of judicious electricity consumption in...

Trending

Googleplus