TEHRAN, Iran, Dec.4
Trend:
Development of gas transmission and replacing liquid fuel with natural gas that was planned by the government from 2013 until the end of the current Iranian year (started March 20, 2020) would lead to the export of oil products and $14.5 billion revenue for the country.
Development of South Pars has created the opportunity to transfer gas to distant regions was become a special policy of the current ruling government during sanction situation, Trend reports citing IRNA.
The development of South Pars natural gas production would reduce environmental issues and expand gas transmission in the coming years.
The annual fuel consumption in the country in 2013 was worth $11 billion that had the possibility of being replaced by natural gas and the budget bill for 2014 set to reduce consumption of liquid fuel from 34.1 billion liters to 31.7 billion liters that 2.4 billion liters were replaced by natural gas.
The volume continues to drop to 28.5 billion liters while natural gas consumption was 5.3 billion liters in 2016 the approach continues and in the current Iranian year about 19.5 billion liters of oil products were consumed and 13.8 billion liters of this figure was replaced by natural gas that indicates 43 percent decline of oil products consumption that replaced by gas.
It is expected that the replacement would complete by 2023 and reduce liquid fuel consumption to zero. The value of 34 billion liters of fuel replaced by gas in 2013 was $11 billion per year that brought added revenue.
The revenue from replacing gas for liquid fuel is expected to reach $14.5 billion in the current Iranian year. So far more than 17,000 villages had access to natural gas and the country had the opportunity to export oil products that replaced by gas and no longer being consumed domestically.