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Deputy Oil Minister and Managing Director of the National Iranian Gas Company (NIGC) Hamidreza Araqi announced that the country`s daily gas exports to the foreign countries exceeded 42mcm.
`After Iran started exports to Iraq. its gas supplies increased to more than 42mcm per day.` Araqi said on Tuesday.
Noting that Iran will continue export of gas supplies to the neighboring states. he said that based on the contracts. such exports and the number of target markets will gradually increase.
In relevant remarks in July. Araqi underlined that the country`s gas exports to Turkey has increased.
`Our export of gas to Turkey has reached 8 million cubic meters per day.` Araqi said.
He underlined that Iraq has asked for increasing its import of gas from Iran.
Also last month. Deputy Oil Minister Amir Hossein Zamaninia announced that Iran intends to considerably increase it gas production output by 2021.
`We think that gas will supersede oil in a few years in the global energy basket and that is why we are planning to increase it in the near future.` Zamaninia said. addressing the World Petroleum Congress in Istanbul. Turkey.
The Iranian deputy oil minister reiterated that the country`s gas production is expected to reach around 1.365 million cubic meters and oil production is projected to stand at nearly 5.7 million barrels per day by 2021.
“We are right now negotiating with other international companies and we hope to sign about 10 contracts. over the next 10 months.“ Zamaninia said.
The Iranian deputy oil minister reiterated that Iran has the largest reserves of gas in the world. holds the world`s fourth-largest proved crude oil reserves. and the world`s second-largest natural gas reserves.
`At present. we produce somewhere around 800 million cubic meters per day and close to 900 million. By the end of this year we expect to produce somewhere around 1 billion cubic meters of gas.` he added.
The country also produces 3.7 million barrels of oil per day. according to OPEC data.
Iran had for years pursued plans to export natural gas to Europe. A tentative scheme that was developed in cooperation with Nabucco – a consortium led by Austria’s OMV – envisaged piping Iranian natural gas from the southern energy hub of Assalouyeh to Turkey and thereon to Europe. However. Nabucco eventually abandoned Iran in 2008 after complications grew the most important of which were US-engineered sanctions against the Iranian energy sector.
A parallel plan to export Iranian gas to Europe – again through Turkey – has been pursued by Switzerland’s EGL. also known as Elektrizitaetsgesellschaft Laufenburg.
Based on the EGL scheme. the Iranian natural gas would be taken to Greece and Albania through Turkey. It would thereon flow to Italy through a pipeline under the Adriatic Sea before reaching Switzerland. However. this scheme had a fate similar to that of Nabucco.
Over the past few years. Iran had been pursuing exporting natural gas to Kuwait. Oman and Iraq.
In late June. the country started exporting gas to Iraq by virtue an agreement that was signed in 2013.
