Iran’s gas export potential sparks major interest

Iran’s state-run gas company held talks with 170 foreign companies last calendar year for gas exports, the head of the company said.

Ali-Reza Kameli, head of National Iranian Gas Exports Company (NIGEC), said the last calendar year, which started on March 21, was the first year Iran witnessed a positive gas balance, a press release by NIGC said.

According to Ali-Reza Kameli, Iran is the largest holder of gas in the world, with 34 trillion cubic meters of gas reserves.

Based on Oil Ministry policies, the country’s annual gas production capacity will be increased to 1 billion cubic meters (bcm) by 2019, he added.

He also said Iran’s priority for gas exports are neighbors like Turkmenistan, Armenia, Azerbaijan, Turkey and Iraq.

“In the meantime, talks have been held with other Persian Gulf countries like the United Arab Emirates, Kuwait, Bahrain and Oman,” he concluded.

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Image: NIGC