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Gas consumption in Iran hits 520MCM per day

Business Materials 10 November 2014 15:38 (UTC +04:00)

Baku, Azerbaijan, Nov.10

By Fatih Karimov - Trend:

Gas consumption in Iran hit 520 million cubic meters (MCM) during the past 24 hours.

Majid Boujarzadeh, National Iranian Gas Company's spokesman, said gas consumption increased by 100MCM compared to the same period in the previous year, Iran's Shana news agency reported on November 10.

The household sector, the industrial sector, and the power plant sector consumed 362MCM, 86MCM, and 70MCM of gas, respectively, he added.

The Middle East country faced gas shortages last winter seriously.

In addition to cutting the gas supply to power plants, which led to burning $30 billion of liquid fuels, the Iranian government had to decrease gas delivery to petrochemical plants from 1,236 million to 530 million cubic feet. This caused a drop in the petrochemical production by 7.5 million tons during the last fiscal year.

On the other hand, Iran cut gas supply to CNG production plants from 671 million cubic feet of gas to zero during the winter, which caused gasoline consumption to soar to about 70 million liters per day in average during last fiscal year.

Iran also had to cut gas re-injection to oilfields, supplying gas to several industrial sectors like cement plants, etc. during the last winter.

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