Iran's Gas Exports May Touch $10 bn Next Year

Iran will most likely export gas worth $10 billion in the next Iranian calendar year which starts on March 14, 2014. Currently gas exports stand at $3,5 billion.

National Iranian Gas Company Managing Director Javad Owji announced on Monday Iran will “witness a change in the revenues of the country from crude oil to natural gas,” Tehran Times reported. 

He pointed to the country’s goal to triple gas shipments to some of its neighbors, saying, “By signing new deals with Turkey and Iraq, Iran will increase natural gas exports to about 100 million cubic meters by next year from a current 35 million.” 

Owji said that Iran plans to increase its natural gas exports as a way to diminish its reliance on crude sales.