TEHRAN (Shana) – The CEO of the National Iranian Gas Company (NIGC) Hassan Montazer Torbati has said the annual gas production of the country would reach 500 billion cubic meters by 2041.
Montazer Torbati told a specialized panel on "Horizons for Gas Trade, Value Creation and Consumption”, which was held on the second day of the 6th Iranian Petroleum and Energy Club Congress and Exhibition (IPEC 2021): "The annual gas production of the country is about 280 to 290 billion cubic meters and the daily production of the item is roughly 900 million cubic meters, equivalent to about 6 million barrels of crude oil.”
He added: "In the gas supply sector of power plants, according to the trend we had in previous years, it will reach about 225 billion cubic meters by 2041 with great acceleration. We will have the same growth in the domestic and commercial sectors, and although we think that domestic gas supply has been completed, due to population growth, our consumption in this sector is expected to continue to reach about 170 to 180 billion cubic meters per year.”
Torbati stated that in the petrochemical sector and consumption of major industries, about 80 to 90 billion cubic meters will remain constant, adding: "Of course, in the third leap of the petrochemical industry, we predict that it will increase from the current 20 billion cubic meters to about 50 billion cubic meters.”
10-Month Petrochemical Output Up 6%
And also on Monday, Jalal Mirhashemi, an official in petrochemical industry, said Iran’s petrochemical products have made good progress making six percent growth over the past 10 months.
"Our petrochemical complexes have functioned positively in the current Iranian year,” Mirhashemi said, adding that despite various challenges, Iran’s petrochemicals have increased 6 percent.
"We hope that this year’s production will top 61 million tons, no doubt that we would have made more growth in the outputs, if we had not faced coronavirus,” he noted.