[Premium] Iran's Output Up in Recent Quarter
Iran’s sales gas production increased by 9.3% on year to 60.8bn m3 in the first quarter of its 2018 fiscal year, which runs from March 20 to June 21.
During the same period, about 3.3bn m3 gas was exported, up 9% year on year, National Iranian Gas Company (NIGC) said June 25. Since late 2001 Iran has exported to Turkey, but in June 2017 it also began exporting to Iraq . Iran has a 27mn m3/d gas sale deal in place with Turkey and about twice that with Iraq, but deliveries to the latter are still restricted in volume.
NIGC also said that about 19.2bn m3 gas was supplied to power plants from March 20 until June 21 2018, up 4.7% year on year.
Despite the increase in gas supplies to this sector, Iran’s power plants increased liquid fuel consumption dramatically, because gas deliveries to some of them were suspended due to long delayed debts. According to the energy ministry’s statistics, fuel oil and diesel usage by power plants doubled to above 1.1bn liters during last three months.
Iran produced 214bn m3 of sales gas during the last fiscal year to March 19 2018. Of that, about 13.4bn m3 was exported to Turkey and Iraq; the figure also includes a 1mn m3/d gas swap for Armenian power.