NIGC Shifting Focus to Int’l MarketsIran’s share in the global natural gas market will reach to 10 percent by 2025 based on a shift in policy that calls for increasing gas exports, NIGC’s director for international affairs, Behzad Babazadeh said...
Iran’s share in the global natural gas market will reach to 10% by 2025 based on a shift in policy that calls for increasing gas exports, NIGC’s director for international affairs, Behzad Babazadeh said.
According to the official, Iran’s export of natural gas to Iraq’s capital Baghdad started on June 21 with a volume of 7 million cubic meters/day and will reach 35 MMcm/d gradually, Iran’s SHANA news agency reported.
He predicted that exports of gas to the southern Iraqi city of Basra will begin within six months under a gas supply contract signed between Tehran and Baghdad.
According to Babazadeh, Iranian gas volumes will vary between 20 million cubic meters per day in the colder months, and around 35 million in the warmer months.
Babazadeh also noted that talks are underway for a gas supply deal with Georgian International Energy Corporation.
According to reports, an agreement has yet to be reached with Yerevan to sell Iranian gas to Georgia through Armenia.
On the prospect of increasing natural gas export to Armenia to 2.5 million cubic meters per day, Babazadeh said, “They receive 1 MMcm/d from Iran in exchange for electricity exports. Nonetheless, to supply them with more gas, a separate contract should be signed.”
On the subject of priorities, Babazadeh noted, “Converting natural gas to liquefied natural gas (LNG) with the help of foreign investment and exporting the fuel to the Far East is on the agenda.”