Gas

US sanctions against the Nord Stream 2 natural gas pipeline from Russia to Germany have reportedly been included in a must-pass defense bill.

Overhaul operations of 22 offshore platforms in South Pars Gas Field has come to an end after 160 days.

The pipeline is due to reach its full capacity of 38bn cubic metres (bcm) a year by 2025.

Russia has started gas supplies to China via the Power of Siberia pipeline on December 2.

The conclusion of a fixed-volume transit agreement would provide Ukraine with a steady and projected income.

The former Iranian Secretary General of the Gas Exporting Countries Forum stressed the need to halt unilateral transnational sanctions against some GECF members.

Drilling of the first appraisal well in Ghezel Tappeh Reservoir. Golestan. had started to develop the Middle East’s largest gas storage facility.

The consuming gas domestically it would be worth 20 cents but by exporting it the country could make 50 cents which would be highly beneficial for the economy.

According to the Pars Oil and Gas Company (POGC). Mohammadi Mahdi Tavasollipour said the remaining two platforms of the phase would become operational in December.

The government has no plan for increasing the price of diesel in the country at least by the end of the current local calendar year on March 20.