EghtesadOnline: The stage has been set for a European natural gas price war that will help boost demand and enable both Russia and the US to increase sales to the region.
EghtesadOnline: Share of the National Development Fund of Iran from the export of oil and natural gas derivatives are estimated in next year’s budget bill (March 2019-20) at $6.7 billion.
EghtesadOnline: Although cold weather usually sweeps through large parts of Iran in the winter seasons, export of natural gas to neighboring countries continues as agreed and it is likely that Europeans could also be interested in importing gas from Iran as a reliable supplier.
EghtesadOnline: Some domestic combined heat and power (CHP) plants owe millions of dollars to the state-owned National Iranian Gas Company for the natural gas they received in the past few years for use as feedstock, NIGC’s deputy for gas distribution said.
EghtesadOnline: The key factor hindering renewable energy development in Iran is hefty subsidies granted to fossil fuels, making electricity output of power plants running on natural gas unreasonably cheaper than renewables, managing director of Iran Renewable Energy Association said.
EghtesadOnline: Natural gas will account for a major part of energy basket in Iran and the world, as it is the most prevailing source of energy.
EghtesadOnline: Iran is burning off record amounts of natural gas, which is way higher than the global average, the deputy for gas distribution at the National Iranian Gas Company said.
EghtesadOnline: Iranian gas sweetening facilities processed 214 billion cubic meters of natural gas in the last fiscal year (ended March 20, 2018), the National Iranian Gas Company's production manager said.
EghtesadOnline: In line with efforts to deliver natural gas to far-flung locations and boost exports, the country's national gas grid capacity will reach 1,100 billion cubic meters per day before 2025, the managing director of Iran Gas Engineering and Development Company said.
EghtesadOnline: More than 90% of power stations in Iran are running on natural gas as feedstock and concerted efforts are being made to stop using fuels like mazut to generate power by the end of the current fiscal year that ends in March 2018, the managing director of Iran Power Generation, Distribution and Transmission Company, or Tavanir, said.