Iran to Boost Gas Output to 1 Billion Cubic Metres Within 2 Years

Iran will boost its gas output to 1 billion cubic metres (bcm) per day within the next two years, Iranian President Hassan Rouhani said.

Iran’s current raw gas output stands at 660 million cubic metres (mcm) per day.

President Rouhani made the remarks during his inaugural address to the third summit of the Gas Exporting Countries Forum (GECF) in Tehran on November 23.

He stressed the need to pay due attention to energy within the framework of sustainable development.

Elsewhere in his remarks, the president said that, "Energy markets are phenomena which are dynamic by nature and the natural gas market is no exception.”

It is expected that the consumption of natural gas will see a significant rise in upcoming decades, he said, adding, “All countries, especially the developing ones are of the belief that natural gas may serve as a desirable bridge to help us move from the traditional use of fossil energies towards the era of more efficient use of renewable energies.”