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Gas Exports Reach 32 mcm/d

Gas Exports Reach 32 mcm/dGas Exports Reach 32 mcm/d

Iran's natural gas export has reached 32 million cubic meters per day, the managing director of National Iranian Gas Export Company said on Wednesday.

“In line with plans to increase gas production, gas exports are expected to register a  significant increase in the next few years,” Alireza Kameli was quoted as saying by Shana.

Hamidreza Araqi, managing director of National Iranian Gas Company, said last month that gas supplies to Turkey amount to 30 mcm per day and the infrastructure is available to increase this volume by 6 mcm per day.

Iran is currently producing over 380 mcm/d of gas from South Pars -- the world's largest gas field that it shares with Qatar in the Persian Gulf. The output is planned to rise to 500 mcm/d in the current fiscal that ends in March 2017.

Tehran is said to be studying a swap proposal to deliver Turkmenistan's gas to Turkey.

Kameli said last November that talks were underway with Ashgabat officials to swap Turkmen gas with supplies to the UAE. Iran also receives gas from the Republic of Azerbaijan on the Astara border and delivers it to the Nakhchivan Autonomous Republic through the Jolfa border terminal.

According to reports, Iran transferred 400 million cubic meters of Azeri gas in 2013 and 2014 to Nakhchivan under a 20-year swap agreement signed in 2004.

Financialtribune.com