Iran’s Gas Production Capacity to Increase to 1.4 bcmpd Over 3 Years

Iran will have the potential to export up to 250 million cubic meters of gas in next two to three years, managing director of the National Iranian Gas Company (NIGC), Javad Owji announced here.

According to the report of the public relations of the NIGC, he said that Iran with 33 trillion cubic meters of gas reserves and production capacity of 600 million cubic meters of gas per day will increase its gas production capacity to 1.4 billion cubic meters per day in next three years.

“More than $37 billion has been invested in Asalouyeh so far”, Owji said on the sidelines of signing ceremony of a trilateral gas deal.

He went on to say that, there are plan to invest $54 billion in the upstream and downstream industries of the region.

He said that South Pars has been divided into 29 phases of which 10 phases are currently operative, producing 240 million cubic meters of natural gas. Another 9 phases of the project will come into operation by next 3 years, he added.

In view of gas pipeline network, Iran ranks the second in the region after Russia, according to Owji remarks.

[mappress]

Source: NIGC, July 25, 2011;

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