Iran's Gas Output Rises

Iran’s gas output rose 9.8% to 102bn m³ in the first half of current fiscal year (March 21-September 22). The country’s gas exports increased by 3.4%, while imports dropped 25.1% year on year, Mehdi Jamshidi Dana, director of the Dispatching Department of the National Iranian Gas Company (NIGC) told newsagency Shana.

Iran exported 4bn m³ to Turkey he said, but did not mention any figure for imports, which come from Turkmenistan.

Iran’s gas deals with Turkmenistan and Turkey are lower in summer. Iran exported 8.6bn m³ to Turkey in 2015 and imported 9bn m³ from Turkmenistan last year. During 1H FY, Iran also stored 1bn m³ in the two undergrad gas storage facilities, Shourijeh and Serajeh, which indicate a 17% growth year-on-year.

A third of the country’s gas output growth was in the power sector, which was up 8.2% to 39bn m³ in 1H FY. Iran’s power plants consumed 57bn m³ of gas in the last fiscal year and is expected to reach 67bn m³ in the current year. Iran plans to add 30bn m³ to output.

Iran Desk