Iran to complete cross-country pipeline to increase gas exports

Tehran, Iran, Sept. 5

By Milad Fashtami - Trend:

Alireza Qaribi, the Managing Director of Iranian Gas Engineering and Development Company (IGEDC) said that the construction operation of Iran's ninth cross-country pipeline is underway.

"Once the pipeline comes on stream, the country's total gas transfer capacity will be increased by 110 million cubic meters," he said, Iran's IRNA News Agency reported.

"The 1,800-kilometer pipeline will also help Iran to export gas to Europe," Qaribi said.

He explained that the first part of the pipeline will come on stream in the next Iranian calendar year (to start March 21, 2015).

Iranian Deputy Oil Minister Ali Majedi said on July 22 that the country plans to export gas to European countries in coming years.

"We haven't started any new negotiations but we have the required means to export gas to Europe," he said, Iran's ISNA News Agency reported.

"We currently export gas to Iraq and Turkey. We also swap gas with Azerbaijan and trade gas for electricity with Armenia," he said.

Iran seeks to export gas to Europe through Turkish soil he noted and added that some other routes are also being studied. Iran's Deputy Oil Minister Hamidreza Araqi said in March that Iran pursues two scenarios to export natural gas to Europe.

"The first proposed route is through Turkey, and the second one through Iraq and Syria," he explained.

Iran's gas exports will reach 10 billion cubic meters by the end of the current Iranian calendar year (March 20, 2015).

The country's gas production rate is expected to increase by 100 million cubic meters per day by the end of year, Iran's IRNA News Agency reported.

According to Hassan Torbati, an official with the National Iranian Gas Company, the country exported 9 billion cubic meters of gas in the previous year (ended on March 20).

Iran's Mehr News Agency reported on June 28 that Iranian Oil Minister Bijan Namdar Zangane has promised the country's president to increase Iran's total gas production by 80-100 million cubic meters per day.

The country can reach the goal by launching new phases of the giant South Pars gas field. Zanganeh said on May 3 that the country plans to export gas to Europe via pipeline or in the form of LNG (liquid gas).

"Europeans prefer to diversify their gas and energy sources," Zanganeh said, Iran's IRNA News Agency reported. He explained that Europeans started negotiations to import Iranian gas nine years ago but the talks were halted in recent years.

Zanganeh went on to note that Iran is a country capable of exporting large volumes of gas and is always willing to provide gas to Europe.

"Once the phases of South Pars gas field come on stream in next [Iranian calendar] year (to start on March 1, 2015), Iran will have extra gas to export," he said.

Zanganeh said on April 19 that Iran plans to export 80 billion cubic meters (bcm) of gas to Asia and Europe in calendar year 1400 (March 2021-March 2022).

He was quoted by Iran's IRNA news agency as saying, "We are planning to export 80 billion cubic meters of gas to Turkey, Europe, Iraq, Pakistan, and the Persian Gulf Arab states in calendar year 1400."

"We should boost oil, gas, electricity, and petrochemicals through diversifying methods of sale and cooperating with the private sector," he said, adding that the country's oil refining capacity is projected to rise to three million barrels per day.

In March, Zanganeh said Iran forecasts an increase in its crude oil and natural gas production in the current Iranian calendar year 1393, which began on March 21.

Iran's crude oil output is forecast to increase by about 200,000 barrels per day to 4 million barrels per day, and its daily natural gas output is forecast to increase by about 100 million cubic meters per day to 400 million cubic meters per day.

Edited by CN

Azerbaijani employment agency opens tender to buy technical equipment
Azerbaijani employment agency opens tender to buy technical equipment
Kazakhstan’s Almaty Power Stations JSC opens tender to buy pumps
Kazakhstan’s Almaty Power Stations JSC opens tender to buy pumps
South Pars Gas Company announces tender to buy insert
South Pars Gas Company announces tender to buy insert
Loading Bars
Latest
Kazakhstan developing mineral resources data system
Letter of Azerbaijan's FM on Armenia's illegal activities in occupied Azerbaijani lands published as UN document
Timeline for commissioning railway to Azerbaijan's Gabala revealed (PHOTO/VIDEO)
COVID-19 cases exceed 3,000 in Georgia
UK retail recovery continues apace in August
Ericsson to acquire Cradlepoint in $1.1 billion deal
Kazakhstan's revenue from transporting cargo via internal water surges
Azerbaijan's State Customs Committee, World Bank to implement joint projects
Georgian APM Terminals Poti handles out of gauge cargo with mobile harbor cranes
GIE highlights Southern Gas Corridor’s role in ensuring South-East Europe’s energy security
Turkmenistan, Saudi Arabia to increase partnership in oil, gas sector
Number of coronavirus cases in Uzbekistan approaches 50,000
New textile shops opened in Turkmenistan
Azerbaijani currency rates for Sept. 18
Emirates sets up Kosher Arabia for airline food
Number of Turkish migrant workers in Israel rises
European gas infrastructure to help deliver Green Deal objectives
Kazakh demand for real estate in Turkey grows
Azerbaijan’s postal operator joins Central Bank's search system
Road expansions on Azerbaijani-Russian border
Iran discloses details of exports via Kermanshah Province
Global marketed utilization for floating rigs could dip to 56%
Oil eases as U.S. production returns after storm
Armenia violates ceasefire with Azerbaijan 38 times
Kazakhstan’s Almaty Power Stations JSC opens tender to buy pumps
Georgian Mingrelian Tea company plans to increase list of exporting destinations
Turkey increases trade turnover with US
TAP project almost 98% completed
Apple to launch first online store in India next week
Chinese mainland reports no new locally-transmitted COVID-19 cases
China’s Universal Energy sets up remote management to maintain its renewable projects in Kazakhstan
Trump will deliver U.N. speech next week from White House
Bolivian interim President Anez withdraws from election race with socialists ahead in polls
Biden lambastes Trump over 'close to criminal' COVID-19 response
COVID-19 deaths in Brazil close to 135,000
Italy's exports and imports grow in July
Global COVID-19 cases surpass 30 mln -- Johns Hopkins University
ByteDance plans TikTok IPO if U.S. clears deal
Eight coronavirus patients die in Moscow in past 24 hours, says crisis center
Trump to announce $13 billion in farm aid on Thursday
Germany donates 63 mln USD to UN relief agency's program
Minsk forced to shut down borders with Lithuania, Poland and boost control with Ukraine
Turkey's trade turnover with Russia rising despite pandemic
Israel ready to deepen bilateral relations with Kyrgyzstan
Foreign Minister – Rescheduling of elections is not considered
Turkey records heavily low cargo shipment through Antalya Airport
Iran may allow increase of cargo transportation limits for Azerbaijan
Trump plans executive order to punish arms trade with Iran
U.S. charges three Iranians over satellite tech firm hacking
23 soldiers, 31 militants killed in clashes in Afghanistan: officials
UAE reports 786 new COVID-19 cases, 82,568 in total
Kazakhstan increases crude oil exports to Italy in 1H2020
Kazakhstan increases volume of cement imports from Turkey
South Pars Gas Company announces tender to buy insert
Value of property owned by Georgian banks increases
Kazakhstan's export to Uzbekistan slightly down amid COVID-19
MP: Resettlement of occupied Azerbaijani territories - crime
Nokia expands 4G footprint of Azerbaijan’s Azercell
Azerbaijani parliamentary delegation to make official visit to Russia
Kazakhstan taking important steps to pass to more sustainable development model
Share of Iran's GDP in water, gas and electricity sectors rising
Azerbaijani finance minister talks about priorities of countries during COVID-19
Program of 'Produce in Georgia' to be expanded
OSCE/ODIHR to send short-term, long-term observers to Georgia’s parliamentary elections
Azerbaijani silk may enter new global markets
Russian MFA: Necessary to concentrate on restoration of negotiations on Karabakh conflict settlement
EBRD intensifying activity in Azerbaijan
Kazakhstan eyes introduction of int'l cargo vehicles measure system
Car production up in Uzbekistan
Chinese Sinohydro company plans to implement new reconstruction project in Georgia
Georgia, MasterCard sign deal on cooperation
Uzbek small businesses to be funded by EBRD
Demand of Azerbaijani banks for foreign currency considerably increases
Georgian Glenberries plans to expand its production
TBC Capital predicts economy to return to pre-crisis levels in Georgia
Kazakhstan lowers imports of Turkish-made leather goods
Russia reports over 5,700 new coronavirus cases
Armenia's threat to regional peace raised at NATO committee's meeting
El Al to restart passenger flights next month
U.S. weekly jobless claims stuck at higher levels
Water resources in Uzbekistan shrinking
EU launches project to strengthen blood safety system in Georgia
Ukraine discloses volumes of oil imports from Azerbaijan
Georgia sees decline in aviation oil imports
Azerbaijan confirms 140 more COVID-19 recoveries
Georgia approves amendments to law on development of free trade and competitive market
USAID Economic Security Program: Georgia makes its utmost to restore tourism
Reconstruction of Azerbaijani cotton processing plant completed
Azerbaijan becomes new donor of Asian Development Bank
Russia considers investing in Uzbekistan’s export projects
Flights from Georgian Kutaisi to Riga to be resumed
Baku Stock Exchange will hold auction of government bonds
Russia’s Chuvash entrepreneurs developing strategy to enter Azerbaijani market
Azerbaijani president congratulates president of Chile
Saudi Arabia's July crude exports tick up from historic lows
Precious metal prices in Azerbaijan down
Kazakhstan's Aktau port to buy accumulators via tender
Iran's Cyber Police confronts online scam vaccine ads
WB: Increasing quality of education to help Georgia to catch up with the regional average
Turkmen gasoline to be displayed at Uzbek exchange trading
All news