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Iran to double gas output production by 2017
(MENAFN) Iran plans to increase its natural gas production by 2017 even if Western sanctions against the country stay in place, Iranian energy official says, Iran Daily reported.
"Over the next three years, our plan is to increase production to 1 billion cubic meters (bcm) per day," Managing Director of National Iranian Gas Company (NIGC) said.
He expects Iran's daily gas output to grow to 680 mcm in winter, up from 550 mcm. Iran, which sits atop the world's largest natural gas reserves, is working on four new phases of the giant South Pars gas field that will produce 100 mcm a day.
The NIGC chief further confirmed that the oil-rich country expects 30 mcm of gas a day, mostly to neighboring Turkey.
"Over the next three years, our plan is to increase production to 1 billion cubic meters (bcm) per day," Managing Director of National Iranian Gas Company (NIGC) said.
He expects Iran's daily gas output to grow to 680 mcm in winter, up from 550 mcm. Iran, which sits atop the world's largest natural gas reserves, is working on four new phases of the giant South Pars gas field that will produce 100 mcm a day.
The NIGC chief further confirmed that the oil-rich country expects 30 mcm of gas a day, mostly to neighboring Turkey.
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