Iran’s gas trade balance turns positive

Oil&Gas Materials 25 July 2016 14:29 (UTC +04:00)

Baku, Azerbaijan, July 25

By Khalid Kazimov – Trend:

The latest official figures show that Iran’s gas trade surplus for a period of four months starting March 20turned positive, an Iranian gas official said.

Azizollah Ramezani, the National Iranian Gas Company (NIGC)'s director for international affairs, said on Monday that the country had a trade surplus of 0.6 billion cubic meters (bcm) of gas over the aforementioned period, Shana news agency reported.

According to the official, the country’s volume of gas exports stood at 2.5 bcm over the four-month period, while Iran imported 1.9 bcm of gas.

Earlier BP announced that Iran exported 7.5 bcm of gas and imported 8.4 bcm over 2015.

Iran exports has to Turkey and imports from Turkmenistan.

OPEC reports, however, suggest that Iran imported 9 bcm and exported 8.4 bcm over the last year.