Iran's liquid gas export breaks historic record
Baku, Azerbaijan, Feb. 4
By Dalga Khatinoglu- Trend:
Iran's propane and butane export volume increased 161 percent to 3.447 million metric tons in the first ten months of the current fiscal year (March 21 to January 2014).
The figure broke a historical record, surpassing even the volume of annual butane-propane exports before imposed western sanctions on Tehran.
According to Iran's Custom Administrator, the Middle East country exported 2.087 million metric tons of propane, with worth $1.882 billion during the last ten months, which indicates a 85.24 percent increase compared to the same period last year. Iran also exported 1.36 million metric tons of butane at $1.23 billion, indicating a 41.87 percent growth.
Before the imposition of tough sanctions on Iran in mid-2012, Iran's annual propane and butane exports were 3.392 million metric tons, which decreased by 28 percent in the Iranian year to March 2013.
During its last fiscal year, Iran exported 2.544 million tons, 1000 metric tons more than the previous year.
Propane and butane shares more than 10.5 percent of Iran's total non-oil exports, which reached $29.357 billion. Iran also exported 4.06 million tons of propane and butane in 2014, indicating more than a two-fold increase year-to-year.
Iran's liquid petroleum gas (LGP, composed of butane and propane) export reached $3.646 billion last year. The figures for 2014 indicate that Iran's LPG export broke a historic record in the Gregorian calendar as well.
Iran's total non-oil exports in 2014 stood at $34.777 billion.
Edited by CN
Dalga Khatinoglu is an expert on Iran's energy sector, head of Trend Agency's Iran news service.
Follow him on @dalgakhatinoglu