Azizollah Ramezani, director of international affairs at National Iranian Gas Company (NIGC), revealed that Iran's gas trade balance turned positive in 2014...
Azizollah Ramezani, director of international affairs at National Iranian Gas Company (NIGC), revealed that Iran's gas trade balance turned positive in 2014.
According to the report of the public relations of the NIGC, pointing out that the total gas exports of Iran was 9.75 billion cubic meters (bcm) while the imports rate was 6.328 bcm in 2014, Ramezani stressed: "The figures show Iran gas export balance was 3.4 bcm last year."
Ramezani went on to say that Iran will start exporting 4 million cubic meters (MMcm/d) of its natural gas per day to Iraq by April 2015 which will increase gradually.
He also underlined Iran-Pakistan pipeline project, saying the project was supposed to have been completed by December 2014 which has not gotten off the ground due to foot-dragging of the Pakistani side.
Once completed, the IP pipeline will send 14 MMcm of Iranian natural gas to Pakistan every day.
The project's capacity will rise to 21 MMcm/d to 30 MMcm/d after its further phase developments come online, added the official.
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