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Natural gas meets 54 pc of Iran's energy needs

Natural gas accounts for more than 54 percent of energy consumption basket in Iran, said Director of the Refining and Transmission Operations Department at National Iranian Gas Company, Abdolhossein Samari, in the provincial city of Sarakhs on Wednesday, IRNA reported.

Samari said that natural gas consumption has been growing by 10 percent annually over the past 10 years.

He said daily gas production is expected to rise to 330 million cubic meters a day this year from 290 million cubic meters last year.

He added that five refineries are to be established in Iran to meet 80 percent of the country's natural gas requirements.

The official said Farsian gas refinery is scheduled to go on stream this year and will operate with 20 million cubic meters capacity.

He said studies are underway on a project for establishment of a refinery in the western city of Ilam.

Furthermore, said Samari, the first phase of South Pars refinery is going to be operational this year and five more phases at the refinery are going to be complete on a buy-back basis by National Iranian Oil Company.

He said project for development of the second and third phases of South Pars gas refinery would be operational with a credit of less than two billion dollars and Farsian and Ilam refineries are also going to cost less than 400 million dollars this year.

Turkmen gas exports to Iran up 16 percent

Turkmenistan gas exports to Iran rose by 16 percent to 3.1 billion cubic meters in the first half of 2003 compared to the figure for the same period the previous year, IRNA reported from Ashkhabad.

Daily Turkmenistan Ro reports in its website on Wednesday that Iran is to purchase about 6.5 billion cubic meters of gas from Turkmenistan this year.

... Payvand News - 7/10/03 ... --

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