Iran plans to boost gas export capacity by 70 mcm per day
Baku, Azerbaijan, Aug.30
By Fatih Karimov - Trend:
Iran plans to increase its gas export capacity by more than 70 million cubic meters per day by inaugurating two gas pressure boost stations.
Two gas pressure boost stations will come on stream in the current year. One of them will increase the gas export capacity by 55 mcm and the other will increase the capacity by 17 mcm, Iran's Mehr news agency reported on August 30.
The projects are aimed to boost natural gas exports to Turkey.
Hamid Reza Araqi, managing director of National Iranian Gas Company, said on August 18 that Iran can nearly double its gas shipment to Turkey from the current 36 million cubic meters (mcm) per day with the start-up of new facilities.
"At present, there is suitable ground and necessary capacity for Iran to double its gas exports to Turkey," Araqi added.
He added that Iran can enhance its gas production due to new developments in the upstream oil sector.
Iran's natural gas is of crucial importance to Turkey as the country uses a significant portion of imported Iranian gas to generate electricity.
Turkey has offered to raise its gas purchase from Iran to 20 billion cubic meters (bcm) a year provided that Tehran cuts the price.