Official: Iran's share in world gas market only one percent

Official: Iran's share in world gas market only one percent
Managing Director of National Iranian Gas Company (NIGC) said that the largest resources of gas in the world belong to Iran, but Iran's share from world gas trade is only one percent.

Hamid Reza Araqi made the remarks in inauguration ceremony held for gas network plans in west Azarbaijan province on Tuesday.


He said that Iran owns the largest world gas reserves which amounts to 34 trillion cubic meters, but we do not use appropriately such capacity in world trade as we are consuming all our reserves.

To increase our share in world trade, Iran should pay heed to economizing the product, Araqi said.

He added that the NIGC is trying to expand gas network to all parts of the country in 30 months.

Aug 26, 2015 09:47

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The section of oil, gas and petro-chemistry is the up-most and first industrial vantage of the country and the pivot of the Economy of Iran. Regarding the importance of this section and the need for coordinating and organizing the most active people in the field of production and exporting oil ,gas, and petrochemical products ,some forethoughtful and job- makers in the private section of the country decided to come together to fight against the threats by using the opportunity of mass intelligence and potentials.