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NIOC forecasts Higher Gas Consumption

NIOC forecasts Higher Gas ConsumptionNIOC forecasts Higher Gas Consumption

With the onset of the cold season, gas consumption is estimated to reach an average of 350 million cubic meters per day today should the cold weather persist, director of the dispatching center at the National Iranian Oil Company (NIOC) said, Shana reported.

"With an 8°C increase in the average temperature, domestic gas consumption is estimated to reach as high as 350 million cubic meters per day," Houshang Taheri said Tuesday. In the week ending Friday (October 31), different sectors consumed more than one billion liters of liquid fuel, 47 million liters less than the previous week. Various fuel consuming sectors, including power plants, consumed around 1.2 billion liters of diesel fuel and mazut during the October 25-31 period. Close to 729 million liters of diesel fuel and 290 million liters of mazut were consumed in the said period. A software also enables NIOC to estimate the volume of gas consumption up to 10 days in advance, based on trends of the past several years, Taheri said.

Financialtribune.com