19 August 2014 - 11:30
  • News Code: 223083
Iran Ready to Double Gas Export to Turkey

TEHRAN August 19 (Shana)--The National Iranian Gas Company has obtained the capacities to double Iran's gas exports to Turkey, said a senior gas official.

Hamid-Reza Araqi, managing-director of National Iranian Gas Company, said Monday that for these potentials to be activated, new contracts with Turkey need to be concluded. 
"Currently the upstream potentials for production and export of natural gas has been achieved," said Araqi. 
Recently, Director of the Operations Department of the National Iranian Gas Company (NIGC) Abdolhossein Samari said the installed capacity of Iran's gas transfer to Turkey is currently 36 million cubic meters a day while with the new facilities, the capacity will reach 60 mcm/d. 
Iran is the second largest gas supplier to Turkey after Russia. Turkey uses most of the gas in its power plants to generate electricity.
Turkey's water supply is reported to have lowered this year which makes its need for natural gas more crucial. 
According to the figures released by the Turkish Statistical Institute (TurkStat), Iran-Turkey trade turnover stood at 3.256 billion dollars in the first quarter of 2014.
On January 23, Turkish Minister of Energy and Natural Resources Taner Yildiz said Turkey imported more than seven billion dollars worth of Iranian natural gas and crude oil in 2013.
News Code 223083

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