Iran likely to pump gas to China

November 15, 2015 - 0:0

TEHRAN – Iran is likely to pump gas to China via Iran-Pakistan gas pipeline once the pipeline is accomplished, according to National Iranian Gas Company’s Managing Director Hamidreza Araqi.

Iran is also ready to start gas exports to Pakistan, but the portion of the gas pipeline located within Pakistan is yet to be constructed, the IRNA news agency reported on Saturday quoting Araqi as saying.

The official said that also India is keen to import gas from Iran, but there is still some reluctance on the Indian part given that they do not want the pipeline to pass through Pakistan.

Inquired about Iran’s gas export schedules, Araqi replied that with Iran’s gas production capacity swelling to one billion cubic meters per day, there is hope for optimal gas exports.

Iran, which sits on the world’s largest gas reserves, intends to enhance gas production by increasing foreign and domestic investment, especially in its South Pars gas field.    

South Pars gas field in the Persian Gulf is estimated to contain a significant amount of natural gas, accounting for about eight percent of the world’s reserves, and approximately 18 billion barrels of condensate.