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    Iran Needs $15-20 bn to Expand Gas Pipeline Network

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Summary

Iran need close to $15-20 billion to expand its gas pipeline network and build a spare one, Managing director of National Iranian Gas Transfer Company (NIGTC) Reza Almasi said.

by: Shardul

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Asia/Oceania

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Iran Needs $15-20 bn to Expand Gas Pipeline Network

Iran need close to $15-20 billion to expand its gas pipeline network and build a spare one, Managing director of National Iranian Gas Transfer Company (NIGTC) Reza Almasi said.

Speaking to Shana News, Almasi said the company plans to construct 6,000 kilometers of high pressure pipeline.

He pointed that present pipeline network has been designed and built just to connect the feeding points and consumption markets without considering any alternative network for emergency situations, Shana reported.

“Right now the length of gas pipeline network stands at 34,000 km but for expanding the network we are needed to build another 6.000 km,” he said.

Iran’s petroleum minister has asked National Iranian Gas Co (NIGC) to upgrade the national gas network in order to be able to meet domestic needs and exports simultaneously.   

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