Iran needs 8,000 more CNG stations

Oil&Gas Materials 14 September 2014 12:03 (UTC +04:00)

Baku, Azerbaijan, Sept.14

By Fatih Karimov - Trend:

Iran should establish 8,000 more CNG stations.

Ardeshir Dadras, the representative of Iranian gas station operators, said the number of CNG stations should reach 11,000 over the ten years, Iran's IRNA news agency reported on September 14.

"Consuming each cubic meter of CNG instead of one liter of gasoline saves Iran 55 cents," he noted.

"According to a 10-year outlook plan, the share of CNG of the country's fuel basket should increase to 40 percent," he added.

Managing Director of Iran's Fuel Conservation Organization Nosratollah Seifi said on September 12 that a specific formula has been drafted for pricing CNG, but the formula has not been yet finalized, Iran's Fars news agency reported.

Mansour Riyahi, the person in charge of establishing CNG stations, said on May 6 that the CNG price has decreased from 6,520 rials (about 25 cents) per kilogram to 6,000 rials (about 23 cents) in line with protecting consumers' rights, Iran's Shana news agency reported.

Each cubic meter of CNG is sold at 4,500 rials, some 17 cents, to CNG stations.

Iran's oil minister Bijan Namdar Zanganeh said on August 26 that 87 percent of the country's total population is supplied with natural gas, Iran's Fars news agency reported.

"Iran enjoys one of the cleanest fuel baskets in the world," he added.

Natural gas holds a 70 percent share of the country's energy basket, he said, adding that more than 200 CNG stations are operating across the country, supplying about 20 million cubic meters of gas to over 3 million cars per day. This seems to be unique in the world.