Offshore

Iran aims for one tenth of the global gas market

The Iranian state gas company is planning to increase its gas production by one sixth this year, and aims to produce 1,100 million cubic meters of natural gas per day by 2019.
Photo: Milad Payami - Statoil
Photo: Milad Payami - Statoil
BY MAX PLECHINGER, ENERGIWATCH

The gas valve will be turned up several notches in Iran. Although Western sanctions against the country have not yet been formally lifted, the state - alongside all kinds of investors - has already begun preparations to reopen its energy market to the world. The country currently boasts a daily natural gas production rate of 660 million cubic meters, but now plans to increase this figure to 1,100 million cubic meters by 2019.

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