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Iran to develop plan on launching gas supply to Iranian Caspian sea provinces

Business Materials 26 November 2012 16:49 (UTC +04:00)

Azerbaijan, Baku, Nov.26/ Trend G.Mehdi/

Iran has developed a plan to launch a new pipeline, aiming to boost gas supply to the Caspian Sea provinces, the Mehr News Agency quoted National Iranian Gas Company's Managing Director Javad Owji as saying.

The 160-kilometer proposed pipeline is projected to carry natural gas from Semnan province to Mazandaran province.

The project will be finished at the cost of 3.5 trillion rials (around $285 million) within 2 years, he noted.

Several days ago, CEO of Iran's Natural Gas Storage Company Masud Samivend said that a new gas storage facility needs to be built in country's northern provinces (near the Caspian Sea), since there are difficulties with supplying gas there.

He said that a source of reliable gas supply is needed to be built in the Iran's northern Golestan province, and currently this isssue is being discussed.

National Iranian Gas Company intends to build underground natural gas reservoirs which could storage some 14 billion cubic meters of gas.

Samivend noted that while there is a gas field there in Gholestan province, its too small for bringing any significant revenue, and it is not enough to supply all the northern provinces with it.

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