Iran targets boosting gas production capacity

Iran is planning to boost its natural gas output to nearly 330 billion cubic meters a year by the next two years. 

Managing director of National Iranian Gas Company (NIGC) Hamidreza Araqi said on Wednesday that the country has prioritized raising natural gas exports in its 6th five-year development plan (2016-2021), and boosting its presence in international gas markets.

Iran as also recently started talks with Belgium over a possible deployment of floating LNG technology off the Kharg Island in the Persian Gulf.

According to a recent report, Iran plans to build a capacity for exporting 40 million metric tons a year of LNG. It has signed preliminary agreements with Korean, German and Chinese shipbuilders to construct LNG tankers, and revealed plans to revive its onshore LNG projects.

LNG World News Staff; Image: NIGC