Iran plans to increase its gas export’s by 120 million cubic metres per day by the year 2021, according to the managing director of the National Iranian Gas Company.
Iran currently consumes around 700 million cubic metres of gas per day, a figure which is set to rise to 1.2 billion cubic metres per day by 2021.
Hamid Reza, managing director of the National Iranian Gas Company, said that the country would be streamlining its gas consumption in its industrial sectors to free up an additional 120 million cubic metres of gas per day for export.
Reza also said that the National Iranian Gas Company had set a new record in gas delivery to power plants in the previous week by transferring 250 mcm per day. Currently 90 per cent of Iranian power plants are run by natural gas, with petrochemical production also a major consumer of gas.