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Iran’s natural gas consumption rises

Business Materials 19 April 2021 16:31 (UTC +04:00)
Iran’s natural gas consumption rises

TEHRAN, Iran, Apr. 19

Trend:

Iran’s natural gas consumption increased by an estimated 3 percent in 2020 with most of the growth from the power generation and residential sectors.

Partial official data indicates that the expansion may have been higher than our estimate, Trend reports citing the International Energy Agency (IEA) reports.

In addition, Iran's natural gas production is estimated to have increased by 2 percent due to the ongoing development of the South Pars field.

Net exports are likely to have fallen by 2-3 bcm, as deliveries to Turkey dropped in the second quarter of 2020, due to a pipeline explosion, and exports to Iraq were temporarily cut back in December 2020 as a result of payment disputes.

In February, Iran's Oil Minister Bijan Zanganeh announced that the country`s natural gas production has hit a record of 1.04 Bcm/d.

Iran in April last year officially began the long-delayed development of phase 11 of the giant South Pars gas field. Output in early 2020 was 670 million cm/d.

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