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Iran boosts gas exports by 10 percent

Iran Materials 17 January 2012 16:33 (UTC +04:00)

Azerbaijan, Baku, Jan. 17 / Trend F.Milad/

Iran has exported some 7.6 billion cubic meters of natural gas since the beginning of the current calendar year, which started on March 21, up 10.5 percent compared with the same period last year, the National Iranian Gas Company's (NIGC) managing director said.

Imports amounted to around 9 billion cubic meters, NIGC head Javad Owji added, the IRNA news agency reported. He put the country's average daily gas production at 620 million cubic meters.

NIGC Managing Director Ahmad Qalebani said the country's daily oil and gas outputs should amount to 5 million barrels and 1.47 billion cubic meters by 2015.

Oil Minister Rostam Qasemi has ordered all the contractors of the South Pars gas field development projects to work round the clock in three shifts to complete the development of all phases, especially phases 12, 15, 16, 17 and 18.

Iran has attached a priority to boosting gas production from its joint oilfields with Qatar and Saudi Arabia, Qasemi said, the IRNA news agency reported.

Iran sits on the world's second largest natural gas reserves after Russia and is trying to grow its gas production by increasing foreign and domestic investments, especially in its South Pars gas field.

The South Pars gas field is shared by Iran and Qatar. The Iranian share, which is divided into 29 phases, has about 14 trillion cubic meters of gas, or about eight percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.

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