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Iran’s natural gas consumption and export increases

Oil&Gas Materials 14 March 2011 11:27 (UTC +04:00)

Azerbaijan , Baku, March 14 /Trend, A.Yusifzade /

Iran's natural gas consumption has increased by 10 billion cubic meters to 170 billion cubic meters since the beginning of the current Iranian calendar year (started March 21, 2011) compared to the same period of the previous year, Shana reported quoting National Iranian Gas Company (NIGC) Dispatching Director Hassan Montazer Torbati as saying.

Iran has exported about nine billion cubic meters of natural gas to Europe during the past 11 months, setting a new record.

According to Montazer Torbati, Iran has exported over 6.6 billion cubic meters of natural gas last Iranian year (March 21, 2009 - March 20, 2010).

The increase in gas exports comes during peak domestic consumption in cold winter months.

Officials have previously said Iran consumes around 500 million cubic meters during peak times of the year. The National Iranian Gas Company's managing director, Javad Oji, urged Iranians to save energy, adding that about 30 percent of the gas consumed in households was being wasted, Mehr reported.

Iran has the world's second-largest natural gas reserves after Russia, but the U.S. and UN sanctions deterring investment by western firms with expertise and technology have slowed its development as a major exporter. Energy officials have said gas production in Iran stands at 600 million cubic meters a day.

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