Iran’s gas exports rise 8 pct

Iran has exported 8 percent more natural gas during last Iranian calendar year (ended March 20, 2015) compared to the preceding year, managing director of the National Iranian Gas Company Hamidreza Araqi said.

Araqi added that last year Iran exported one billion cubic meters more gas compared to a year before, NIGC’s statement reveals.

He also noted that Iran’s gas exports exceeded the country’s gas imports by 2.5 billion cubic meters during the same period, showing a positive balance in Iran’s natural gas trade with neighboring countries.

Trading gas is one of the important pillars of the 6th development plan (2011–2015) of the country and Iran is predicted to gain a toehold in the gas market in Europe besides Persian Gulf countries, added the official.

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Image: NIGC