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Iran’s president highlights global demand for natural gas (UPDATE)

Politics Materials 23 November 2015 18:31 (UTC +04:00)

Tehran, Iran, Nov. 23
By Mehdi Sepahvand - Trend:

Iran's President Hassan Rouhani said that natural gas accounts for a considerable amount of energy consumption in the world and it is expected that the demand for natural gas will increase within the next decades.

"Natural gas as a clean source of energy with rich harvestable sources for the future decades now has a considerable share in the world energy consumption," President Rouhani said. "The economic, technical, and environmental advantages of the natural gas compared to other fossil energies have made it a very important source of energy. It is expected that the consumption of natural gas will see a significant rise in upcoming decades."

President Rouhani made the remarks at the 3rd Gas Exporting Countries Forum (GECF) in Tehran, Trend's correspondent reported.

Iran's president further called for organized actions in the gas sector among the GECF members.

"Organized cooperation based on understanding between gas producing countries in regional markets is considered a pillar of long-term interaction between the member states and can prepare the ground for more efficient economic use and extraction of the limited renewable energies," President Rouhani said.

"This Summit aims to find ways to support the collective interests of the member states and to develop cooperation between countries on various areas such as exploration, production and commerce in natural gas," President Rouhani added.

Speaking about the cooperation between the state members, he said that the increase in the profits of one country does not necessarily mean the loss of another country.

He said that the GECF is ready to cooperate with the upcoming COP21 conference in Paris.

"We have proposed that this summit will send a message to the Cop21 conference which is scheduled to be held in Paris next week and aims to achieve an international agreement on issues and policies related to climate change," President Rouhani added.

President Rouhani expressed his interest in exporting gas.

President Rouhani added that his country as one of the countries with the largest natural gas reserves in the world, has a very high capacity for the production and export of the natural gas and is ready to have a bigger role in supplying the energy security in the world.

He urged foreign companies to invest in Iran's gas sector and said that the situation regarding sanctions imposed against Tehran will rapidly change with the recent agreements achieved between Iran and P5+1.

"It is our strategy to increase the production and export the natural gas through investments in our oil and gas fields," he said.

He elaborated on Iran's new module of oil and gas contracts and new oil and gas regulations in Iran providing a very attractive incentive for investments in the oil and gas sector.

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