The memorandum of understanding to establish a joint venture to supply a 300-megawatt power plant between Iran's methanol giant and the country's largest utility company was signed at the Zagros Petrochemical Complex with the support of Dr. Shariatmadari, CEO of Persian Gulf Holding, and in the presence of Dr. Abbaszadeh, Deputy Minister of Oil and CEO of the National Petrochemical Company.

Navid Hedayatifar, referring to the gas imbalance crisis in winter, said that replacing 20 million worn-out heaters with high-efficiency heaters could reduce household consumption and allocate the released gas to industries.

Following Ukraine's attacks on Russian oil refineries and the reduction in the country's fuel exports to Central Asia, Iran has a unique opportunity to fill Russia's void in regional markets. But can Iran seize this opportunity despite sanctions and domestic challenges?

Winter is coming, and like every year, the issue of reducing gas consumption in the domestic sector and the challenge of energy imbalance is once again highlighted. Energy expert Hossein Mirafazli warns that excessive dependence on gas for home heating is a strategic mistake that has faced the country with an energy imbalance crisis during the cold season. He emphasizes the need to establish a Ministry of Energy, promote incentive schemes, and utilize modern technologies to reduce gas consumption.

The Seventh Development Plan aims to prevent daily waste of 1.285 million barrels (US) of crude oil equivalent from the energy produced in the country, equivalent to more than 150 million cubic meters of gas; an action that has provided an attractive market and a valuable opportunity for the presence of private sector companies in the field of engineering and technology.

Emphasizing the need for convergence in solving the energy imbalance, an official official said: Holdings and petrochemical companies should use all available capacities to establish an energy management system.

The more than two-decade-old contract to export 10 billion cubic meters of Iranian gas annually to Turkey expires in mid-2026, but unlike in the past, there is no sign of Ankara's willingness to extend it this time. This is an issue that experts see as not only a threat to the country's gas revenue, but also a danger to Iran's geopolitical position in the region.

Hassan Moradi, an energy expert, believes that the end of Iran's gas export contract to Turkey in 2026 could have economic and security consequences for the country. He emphasizes that Iran must use energy diplomacy and a smart approach to persuade Turkey to extend gas cooperation.

In recent years, the unprecedented increase in demand intensity and the growing and accumulating imbalance between production and consumption have become a major and challenging problem in the areas of economy and national security, placing the downstream sector of the oil industry under unprecedented pressure.

Ali Asghar Rajabi, Director of Energy and Carbon at the National Iranian Gas Company, said in a pre-session of the Energy Investment Conference: "Saving energy consumption can bring Iran into the global carbon market and become a tool for attracting private sector investment."