Mon 15 Jul 2024 | 15 July 2024

Iran Adds 56 mcm/d to its Gas Production Capacity

Irans natural gas production capacity increased by 56 million cubic meters per day in last Iranian calendar year (ended March 19, 2024), deputy minister of petroleum and managing director of the National Iranian Gas Company (NIGC), Majid Chegeni said here.

According to the report of the public relations of the NIGC, Iran"s daily gas production capacity increased from 1.031 billion cubic meters to 1.087 billion cubic meters last year, Majid Chegeni said at a press conference held on the sidelines of the 28th Iran International Oil, Gas, ‎Refining and ‎Petrochemical Exhibition, also known as Iran Oil Show 2024.

Gas delivery to the National Iranian Gas Company rose by 25 million cubic meters per day compared to the amount in Iranian year 1400 (ended March 20, 2022), he said, adding, "Gas condensates production increased from 198 million barrels per year to 259 million barrels per year."

Gas delivery to the national gas network rose by 1.4 percent last year, he noted, adding, "Gas consumption decreased 3.1 percent last year."

Last year, the volume of gas delivered to the refineries and major industries surged by 11 percent and 6 percent respectively, he stated, noting, "Gas injection to oil reservoirs was up 60 percent and gas delivery to gas reservoirs rose 13 percent."

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