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Iran can boost gas exports to neighbors – deputy minister

Business Materials 6 October 2018 17:56 (UTC +04:00)

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Tehran, Iran, Oct. 6

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The managing director of the National Iranian Gas Company (NIGC) said the country has the capacity to increase its gas exports to neighbors and its other clients.

“Iran has the capability and capacity to expand its export markets and boost its gas exports to neighboring nations and other clients,” Hamid-Reza Araqi said, who is in Moscow attending the Russian Energy Week-2018 forum, said recently, according to Shana.

Iranian Oil Minister Bijan Zangeneh was supposed to attend the meeting but could not make it.

The forum kicked off in the Russian capital on October 3 and will come to an end on October 6.

“Iran is a large producer of gas and neighbors will need more gas in the near future. We should prepare the grounds as a promising future is awaiting Iran’s gas industry,” Araqi said.

We are ready to transfer more gas to other countries in the form of LNG and pipeline deliveries, the deputy minister concluded.

According to published reports, Iran holds the world's second-largest natural gas reserves after Russia.

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