EghtesadOnline: Natural gas production capacity has reached 810 million cubic meters per day, director of dispatching at the National Iranian Gas Company said.
EghtesadOnline: The world’s biggest oil companies have been steadily shifting investments toward natural gas, driven by an emerging globally traded market and environmental concerns. But right now they are taking a hit as prices tank.
EghtesadOnline: In the first quarter of the current fiscal year (March 21-June 21), 93% of the fuel supplied to Shahid Rajaee Combined-Cycle Power Plant in Qazvin Province constituted natural gas, up from 88% last year, the managing director of the plant said.
EghtesadOnline: The National Iranian Gas Company supplied 1.8 billion cubic meters of natural gas to western Lorestan Province in the last fiscal (ended March 20), the company’s deputy for gas supply said.
EghtesadOnline: Iraq can continue importing Iranian natural gas and power until June, said Joey Hood, charge d’affaires of the US mission in Iraq.
EghtesadOnline: Replacing eco-unfriendly fuels with natural gas, supplying petrochemical companies with gas as feedstock and exporting gas are among the Oil Ministry priorities in the current fiscal that started in March, the oil minister said.
EghtesadOnline: Global natural gas demand will rise by almost 50% over the next 23 years and Iran will be among the major suppliers alongside Russia and the United States.
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.