Iran’s annual natural gas production hits 232 bcm

The state-run National Iranian Gas Company produced an estimated 232 billion cubic meters of natural gas in the last fiscal year (ended March 20, 2022), the head of NIGC said.

29 June 2022
ID : 33841
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The state-run National Iranian Gas Company produced an estimated 232 billion cubic meters of natural gas in the last fiscal year (ended March 20, 2022), the head of NIGC said. 

“Of the output, 215 bcm were consumed domestically and the rest was either exported to Iraq and Turkey, or stored in Sarajeh and Shourijeh storage facilities in Qom and Khorasan provinces, or injected into oil wells,” Majid Chegeni was also quoted as saying by ILNA.

Domestic consumption in 2021 increased by 5 bcm compared to a year ago, he added.

Giving a breakdown, Chegeni noted that of the total use, households and the commercial sector accounted for the major share of consumption at 115 bcm during the one-year period, indicating no change compared to 2020.

“Gas consumption in industries, namely petrochemical and cement factories, reached 40 bcm,” he added.

According to the official, gas delivery to thermal power stations reached 60 bcm in the 12-month period.

Referring to low gas prices in Iran, Chegeni noted that although Europeans have to pay at least $2 for each cubic meters of clean fuel, Iranian household consumers are charged less than 1 cent for the same volume.

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