Global Leader in International Production Industry News

posted in:

Pars Oil & Gas Company announces gas production hits 120 bcm/d

Tuesday, Dec 18, 2012

Total gas production has hit 120 billion cubic meters since the beginning of new Iranian calendar year on 20 March 2012.

Manager of dispatching department at National Iranian Gas Company (NIGC), Hasan Montazer Torbati, made the remarks adding gas production stands at 550 to 600 million cubic meters per day now.

He continued that cold weather had raised daily gas consumption in recent days by 50 million cubic meters per day.

Stating that residential sector’s daily gas consumption has hit 410 million cubic meters, Torbati predicted gas consumption by the sector to rise by 30 million cubic meters.

‘Management of gas consumption by people will help NIGC to provide better services to consumers’, the official noted.

On meeting fuel needs of power plants, the NIGC official noted power plants had consumed more than 35 billion cubic meters of gas since the beginning of this year while industrial sector’s gas consumption has hit 22.5 billion cubic meters, up by more than one billion cubic meters in each sector in comparison to the similar period last year.

He described CNG supply to transportation sector desirable adding CNG consumption stands at 18 to 20 million cubic meters per day equivalent to about 20 million liters of gasoline.

On gas exports to Turkey, Torbati said NIGC exports maximum 30 million cubic meters of gas per day to Turkey under the related contract between the two countries.

Source: Pars Oil & Gas Company

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Production News

Drilling and production update 18-04-2014
Dejour sees 60% increase in net production at Woodrush 16-04-2014
Oil and gas drilling and production brought to life 15-04-2014
Platform P-20 resumes production 09-04-2014
Gastar Exploration announces Marcellus shale production temporarily interrupted due to rupture of third party-operated pipeline 09-04-2014
Petrobras starts-up third well at SapinhoĆ” field and registers a new monthly production record in the pre-salt 07-04-2014
Production March 2014 07-04-2014
New Zealand Energy reports 2013 year-end reserves and production update 03-04-2014
Drilling permit for well 7324/7-2 in production licence 537 03-04-2014
CANADIAN NATURAL RESOURCES LIMITED COMPLETES THE ACQUISITION OF CERTAIN CANADIAN ASSETS OF DEVON CANADA 02-04-2014