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Iran takes out gas from storage facility as cold season starts

Business Materials 24 December 2014 17:29 (UTC +04:00)

Baku, Azerbaijan, Dec. 24
By Fatih Karimov - Trend:

Iran started taking out gas from Sarajeh storage facility, located in central Qom province, to compensate for consumption rise in the cold season.

Over the past month, some 250 million cubic meters of gas has been taken from the facility and injected to the national gas network, Iran's ISNA news agency reported on Dec. 24.

The Sarajeh facility holds 1.24 billion cubic meters of gas, a 35 percent rise year on year.

During winter last year, some 662 million cubic meters of gas were supplied from Sarajeh to the national gas network.

Managing Director of Iran's Natural Gas Storage Company Masoud Samivand said in June that Iran will store 2 billion cubic meters of gas in the Sarajeh gas storage facility by the end of the current Iranian calendar year [March 20, 2015].

Iran's gas consumption level in winter is expected to surpass 450 million cubic meters per day (mcmpd). Last winter, during some weeks, Iran's housing gas consumption reached about 500 mcmpd, which led to cutting gas delivery to power plants, petrochemical units, gas injection to old oil fields and industrial sector, due to gas shortage.

In addition to cutting gas supplies to power plants, which led to burning $30 billion of liquid fuels, the Iranian government had to decrease gas delivery to petrochemical plants from 35 mcmpd in summer to 15 mcmpd in winter.

This caused a drop in the petrochemical production by 7.5 million tons during the last fiscal year (starts on March 21).

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