Zanganeh: Electricity Is Irreplaceable

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 ...

The South American nation earns 96% of its revenue through oil sales.
Venezuelan oil production crashed to a new 30-year low of 1.5...
45% of Spain Electricity From Renewable Sources
Spain’s transition to a low-carbon economy is making strong...
Norway Oil Strike Set to Escalate
Norway’s ship-owners and two oil unions said on Saturday they...
S. Korea Imports 167K bpd of Iranian Oil in June
South Korea’s imports of Iranian oil fell 40.3% in June from...
TPPHC Elaborates on Operations to Improve Power Plant Efficiency
To save natural resources in power stations and fight the...
3,600 Villages to Join National Gas Grid
The natural gas grid will cover 3,600 villages across the...
Domestic Firms Undertake Rigless Well Operations
Two Iranian oil and gas companies have jointly conducted high-...