20 October 2015 - 12:10
  • News ID: 248751

Iran to Increase Gas Export Capacity to 300 mcm: CEO

Iran to Increase Gas Export Capacity to 300 mcm: CEO

TEHRAN Oct. 20 (Shana) – Managing Director of the National Iranian Gas Company (NIGC) said Iran has the potential to increase its daily gas exports from existing 80 million cubic meters daily to 300 mcm.

“By launching the Save and Export project, some 50 to 60 mcm will be economized,” Hamid-Reza Araqi told reporters on the sidelines of the Iranian Petroleum and Energy Club 2015 Congress and Exhibition (IPEC 2015) which opened here on Monday.

The three-day IPEC 2015 conference started one day after formal end to anti-Iran sanctions and participants are going to discuss the theme Post-Sanctions Iran: An Open Door to Oil and Gas Investment Opportunities.

Chief executives and policy makers in the field of energy and delegates from OPEC, GECF and IEA are taking part in the conference. 

Invited speakers to Conference include representatives from OPEC, GECF, IEF, Total, Eni, Ansaldo, World Petroleum Council, OMV, Mistsui, Siemens, Mitsubishi Hitachi Power System, Linde and Mitsui.

The NIGC chief executive also said that with the removal of sanctions, a fresh economic atmosphere will prevail the country in which Iran can enter into new oil and energy contracts with foreign companies.

“After sanctions are lifted, it will be possible to lay the TAPI gas pipeline from Iran,” Araqi said, adding that Pakistan is ready to start the Iran gasline which has been completed on the Iran’s side after sanctions are removed.

Iran will introduce its new oil contracts in November and December in Tehran and London respectively.

“New contracts with foreign companies will be signed in the IPC (Iran Petroleum Contract) framework which I think will be more attractive,” Petroleum Minister Bijan Zangeneh said in August.

“More than cash or using the technology, we would like to have their advanced technology to be transferred to domestic companies,” he stressed in a televised program in early September.

In the wake of nuclear deal, Iran has hosted high-ranking officials and corporate executives of major companies from Germany, Spain, Austria, Italy, and France to discuss new cooperation ventures.

To a question, Araqi also said that Iran will continue importing gas from neighboring Turkmenistan despite of being a gas rich country.

“It is a strategy,” he added, “Similarly, we are following exporting gas to the neighboring countries.”


News ID 248751

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