29 April 2024 - 11:14
  • News ID: 640663
Iran; Most Reliable Source of Gas Supply in Coming Decades

SHANA (Tehran) – Iran which holds the second largest natural gas reserves in the world, can be one of the most reliable suppliers of natural gas over the next decades.

Reza Noshadi, managing director of the Iranian Gas Engineering and Development Company (IGEDC) made the remarks adding it is estimated that natural gas consumption to rise between 22 to 26 percent up to the year 2040, followed by rising demand for the product and that is why Iran will remain one of the potential sources of sustainable gas supply over the coming decades.

Speaking at the 2nd Edition of the International Iran-Africa Economic Conference on 28 April in Tehran, he said: despite Western countries comprehensive sanctions against our country, Iran has been able to raise its natural gas production from 400 million cubic meters per day in the year 2000 to 875 million cubic meters per day now, which is a great achievement.

He continued: I should say that at present the whole process of natural gas production from its extraction from wells to its distribution is being carried out by Iranian experts, without getting help from any foreign companies.

He further said: the Iranian Gas Engineering and Development Company is in charge of management of as long as 440 thousand kilometers of gas pipelines across the country, noting the country has reached self-sufficiency in construction of pressure boosting stations and gas refineries by 92 and 76 percent respectively.

IGEDC and its 250 related know-how companies can meet the needs of the African countries in different fields from construction and repairing gas pipelines and pressure boosting stations to providing engineering and technical services, the company’s CEO said.

News ID 640663


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