Power plant gas consumption remained at its highest level in the week ending August 10, bringing the average daily consumption of this sector to more than 306 million cubic meters.
The Director of Region 4 of Iran's Gas Transmission Operations announced: By transferring the second compressor of the Farouj gas booster station to the Ramsar station, gas transmission capacity will be improved during the cold season and the infrastructure of gas booster stations in the north of the country will be strengthened.
In a meeting with the Iraqi Minister of Electricity, the Minister of Oil emphasized resolving the issues of gas exports and financial demands, saying: "We will soon see a resolution to both issues of the quantity of gas exports to Iraq and the receipt of gas demands."
The construction of a 56-inch gas pipeline from Pol-e-Kale to Tiran to strengthen Iran's central gas transmission corridor has begun.
The CEO of the National Iranian Petroleum Refining and Distribution Company announced a daily average reduction of 5 million liters of oil and gas consumption in 1404 compared to last year, saying: "This success is the result of implementing control policies and measures, using smart tools to combat fuel smuggling, and intensifying monitoring of major non-power plant consumers."
The major repairs of the gas platforms in Phases 20 and 21 of South Pars were completed with more than 8,000 safe working hours recorded and 910 repair orders completed.
As Iran’s 25-year gas export contract with Turkey nears its end in 2026, the prospects for this strategic partnership are facing serious uncertainties. With competitors such as Russia, Azerbaijan, and Turkmenistan poised to seize the market, Tehran’s decision to extend or redesign the contract could transform Iran’s geo-energetic position in the region.
The CEO of the Persian Gulf Oil and Gas Industry Advancement Company, referring to the significant lack of benefit for the Persian Gulf Petrochemical Industries Group from the empty production capacity of some companies, which is due to insufficient feed, emphasized the key role of this company in the upstream oil and gas sector, including participation in field development projects to provide sustainable feed for large petrochemical production units.
Despite having the world’s second-largest gas reserves, Iran continues to grapple with an energy imbalance. The country’s numerous gas fields are either underdeveloped or lagging behind in the competition for extraction from shared fields. While gas exports could become a regional lever of power, Iran has a tiny share of the global market. If this trajectory is not corrected, even meeting domestic demand will be challenged in the coming winters.
The head of Khorasan Petrochemical said: The plan to use coal instead of natural gas is under consideration with the aim of reducing the energy imbalance.
