The National Iranian Gas Company's output stood near 260 billion cubic meters in 2020.
As per data released by the state-run NIGC (a subsidiary of the National Iranian Oil Company), of the total production, households and thermal power plants accounted for the lion’s share of consumption at around 130 bcm and 80 bcm, respectively.
The rest was used by industries (20 bcm) and petrochemical companies (20 bcm). Ten bcm was exported to Turkey and Iraq.
The company has projected 65% growth to reach 430 bcm in 2040, which is indeed commendable. However, demand for gas is expected to surpass 500 bcm by that time.
May 08, 2021 18:44
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