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Iran not to face gas shortage

Business Materials 12 January 2015 12:59 (UTC +04:00)

Tehran, Iran, Jan. 12

By Milad Fashtami - Trend:

Iran's Deputy Oil minister Roknoddin Javadi said that the county won't face a gas shortage in the current Iranian calendar year (to end March 20).

"Once the phases 12, 15, 16, 17 and 18 of South Pars gas field come on stream, our production level will meet our needs," he said, Iran's Mehr News Agency reported on Jan. 12.

"Any delay in tapping the joint field's reserves is in the interest of Qatar," Javadi explained, adding that the parliament should pay special attention to development of the field.

Iranian Oil Minister Bijan Namdar Zanganeh said on Jan. 3 that the country's gas output capacity will be increased by 100 million cubic meters in the current Iranian calendar year.

"Some of the projects have already come on stream, and the rest will be inaugurated as planned," he said.

Zangneh said on Nov. 21 that some 44 billion cubic meters of gas will be added to the country's total output in the next Iranian calendar year (to start March 21, 2015).

The minister went on to note that Iran's gas consumption in the current year is 100 million cubic meters more than previous year.

"Currently some 600 million cubic meters of gas per day is being delivered to the National Iranian Gas Company," Zanganeh said.

Iran faced severe gas shortage in previous winter. The country was forced to cut gas supply to industrial units and petrochemical complexes in several occasions.

According to BP's latest yearly report, Iran 's dried gas output is about 160 bcm, a little more than domestic consumption level.

Iran exported 7.5 bcm of gas to Turkey and imported 4.5 bcm gas from Turkmenistan in 2012, according to BP's report.

Edited by CN

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