Iran has started the implementation of its first gas-to-wire (GTW) project, which will allow the country to export electricity to the Persian Gulf littoral states in the near future, Press TV reported.
According to the Mehr news agency, with the completion of the development plan of Iran's Forouz A and B offshore gas fields, the country will be able to export electricity instead of gas to several Persian Gulf littoral states, including the United Arab Emirates, Kuwait, Oman and Bahrain.
Meanwhile, manager of Forouz A and B development plan Abdolhamid Esfandiarpour said that the gas produced from Forouz B, which is located in the Persian Gulf among three Iranian islands of Kish, Sirri and Qeshm, will be transferred to Qeshm Island, where processing facilities and export dock will be established.
Esfandiarpour put the targeted natural gas production from the field at one billion cubic feet per day in the first phase.
Forouz A and B gas fields hold about 29 trillion cubic feet of natural gas, of which some 18.5 trillion cubic feet were estimated to be extractable over a specific period.
On February 21, MAPNA Co. and the National Iranian Offshore Oil Company (NIOOC), an affiliate of the National Iranian Oil Company (NIOC), signed a 3.8-billion-dollar contract to generate 3,000 megawatts of electricity from Iran's offshore Forouz B gas field in the Persian Gulf.
Iran is currently exchanging electricity with Afghanistan, Armenia, Azerbaijan, Iraq, Pakistan, the Republic of Nakhichevan, Turkey and Turkmenistan.