Sat 27 Apr 2024 | 27 April 2024

Iran has high capacity to supply gas to neighbors, Europe

Referring to Irans huge gas reserves, Iranian Oil Minister said that the Islamic Republic of Iran enjoys high capability to supply gas to neighboring countries and Europe.

Speaking on the sidelines of 6th Summit of Gas Exporting Countries Forum (GECF) in Qatari capital Doha on Tuesday, Javad Owji stated, "During the sixth GECF summit, Iran has repeatedly announced that it has enjoyed necessary capacity to supply gas to neighboring countries and even Europe."

Despite high domestic consumption and gas exports, many of the country"s gas fields have so far remained untapped and good exploration has been made in recent years, Owji said, Iran"s SHANA news agency reported.

Considering Iran"s high capacity in the field of expert human capital and the most experienced manpower, fortunately, Islamic Republic of Iran is pioneering in the fields of exploration, producing, refining and transferring petroleum products in world"s oil industry, he continued.

The minister also pointed to the high capacity of Iran"s gas resources and hope to increase our 2% share in gas trade in the coming years."

Referring to the recent gas swap deal among Iran, Azerbaijan and Turkmenistan, Owji said, "as Iran has thousands of kilometers of gas supply network, it is currently ready to swap gas with neighboring countries from East to West and from North to South, and vice versa."

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