NIGC MD: Iran, As Reliable Supplier, Keen To Advance IGU Goals

Tehran, Oct 2, IRNA – Iran is a committed member of the International Gas Union (IGU) and always tries to play an important role to advance goals of the Union, said Managing-Director of National Iranian Gas Company (NIGC), Hamidreza Araqi. Addressing the International Seminar of Working Committee 2 (WOC2) of the IGU, Araqi said, “Our membership in the IGU is for more cooperation among the NIGC and other companies and organizations active in natural gas industry.” The four-day seminar on the impact of underground gas storage which is being held in Iran for the first time opened on Tuesday. Several important articles on various topics including natural gas storage and optimization of gas production and injection, N2, structures of gas storage tanks will be presented during the seminar. The existence of 34 trillion cubic meters of natural gas reservoirs in the Islamic Republic of Iran beside other capabilities in the oil and gas industry and also the experience in continuous activities of this field for more than one century has made the NIGC one of the most reliable companies in the natural gas arena, Araqi said. Iran is able to produce over 400 cubic meters per day of natural gas from giant Pars Field, he said, adding that regarding the international demand half of this amount can be assigned to exports. “We have plans to export natural gas to neighboring countries such as Pakistan and Iraq”, he said. “We are presently exporting our gas through pipelines to Turkey and Armenia.” Meanwhile the official said that the existence of lots of geopolitical advantages in Iran, abundant reservoirs, necessary infrastructures being ready and the codification of the required laws and regulations in accordance with the development plans have prepared the ground for the investment and participation of the international companies in Iranian gas industry./end