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Iran’s daily households gas consumption to hit 450 mcm

Business Materials 25 November 2014 11:28 (UTC +04:00)

Baku, Azerbaijan, Nov. 25

By Umid Niayesh - Trend:

Iran's households' gas consumption is expected to surpass 450 million cubic meters per day in the next several days.

Majid Boujarzadeh, a spokesman with the National Iranian Gas Company, said that the temperature in the country's western provinces will sharply fall by Dec. 1, which will lead to significant domestic gas consumption increase, Iran's SHANA News Agency reported Nov. 25.

He went on to note that the figure stood at 364 million cubic meters in past day.

Boujarzadeh said that currently 120 million cubic meters of gas per day is delivered to the industry sector.

The Islamic Republic faced severe gas shortages last winter.

In addition to cutting the gas supply to power plants, which led to burning $30 billion of liquid fuels, the Iranian government had to decrease gas delivery to petrochemical plants from 1,236 million to 530 million cubic feet.

That caused a drop in the petrochemical production by 7.5 million metric tons during the last fiscal year (ended on March 21).

Iran hopes that handle the possible gas shortage in winter via boosted imports from the neighboring Turkmenistan.

It should be noted that the Islamic Republic holds 33.6 trillion cubic meters of proved gas reserves, sharing 18 percent of total global gas reserves which puts the country in the top of the world's gas holders list.

However, lack of proper technology and investment led to long-term delays in implementation of gas production projects.

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