Iran Gas Exports Jump by 4% Last Year


Iran Gas Exports Jump by 4% Last Year

TEHRAN (Tasnim) – National Iranian Gas Company Dispatching Director Manouchehr Taheri announced on Tuesday that the country’s exports of natural gas witnessed a four percent increase in the last Iranian year (which ended on March 20) compared with one year earlier.

“The volume of gas exports rose from 9.3 billion cubic meter (bcm) in the Year 1392 (ended on March 2014) to 9.7 bcm in the year 1393 (ended on March 20, 2015),” Taheri said, noting that the figures shows a four-percent increase in the exports.

He said Iran’s extraction of gas in the last year hit 202 bcm which indicated that the figure has increased by 10 percent, compared to a year earlier.

The Iranian official further said that two years ago, the country’s delivery of gas to refineries stood at 36 bcm, adding that the figure reached 50 bcm in last year, showing a 38 percent rise.

Earlier this month, Miguel Arias Canete, the European Union's energy commissioner, said they were open to import Iranian gas, which could break their dependency on Russia that supplied one third of Europe’s gas.

Iran, which has the largest gas reserves in the world, seeks to enhance gas production by increasing foreign and domestic investments.

In its Statistical Review of World Energy released in June 2013, the BP classed Iran as the world’s top gas reserves holder with 33.6 trillion cubic meters.

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