News ID: 109594
Published: 0658 GMT January 17, 2015

Gas export balance at 3.4 bcm

Gas export balance at 3.4 bcm

The National Iranian Gas Company (NIGC) exported 9.75 billion cubic meters (bcm) of gas in 2014, while gas import amounted to 6.32 bcm.

In a press conference on Saturday, Azizollah Ramezani, the deputy head of NIGC for international affairs, also told reporters that gas export balance of Iran was 3.4 bcm for 2014, Shana reported.

Pointing to the company’s plans for gas export, the official said gas export operations to Iraq will start in April with the supply of 4 mcm per day.

“Based on a six-year contract signed with Iraq, Iran will increase gas export to 25 mcm per day, which can be increased to 35 mcm,” he said.

Ramezani noted that Iran is in talk with Iraqi government to export 25 mcm per day of gas to Basra.

The official pointed to the Iran-Pakistan (IP) gas contract signed by the two countries and said the project should become operational by December 2014.

The IP pipeline is designed to help Pakistan overcome its growing energy needs at a time when the country of over 180 million people is grappling with serious energy shortages.

According to the project proposal, the pipeline begins from Iran's Asalouyeh Energy Zone in the south and stretches over 1,100 km through Iran.

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