Up until 2016, almost all of Iran'sgas production was used for domestic consumption, freeing up moreoil for export. In the meantime, a saturation of domestic utilization has allowed Iran to boost its exports, which are still negligible compared to the resource potential.Officials recently said thatgas exports grewby 64% during the period of March 21 to Aug. 22,2017, compared to the same period in 2016.
According to theBP Statistical Review of World Energy,Iran produced 202 billion cubic meters (bcm) of gas in 2016. The countrys Ministry of Petroleum envisionsannual gas production of 300 bcm by 2020, which is a reflection of its enormous resource base. Other objectives and priorities are as follows:
- remain the third largest gas producer in the world with gas production of 360 bcm per annum by 2025;
- inject gas into the oil fieldsto maintain and increase oil production;
- supply gas to power stations, gas-based industries and petrochemicals and to export the value-added products at economically viable prices;
- replace domestic demand for petroleum products with natural gas and maintain the share of gas in Irans energy basket above 70%; and
- export gas to the regional countries, the Indian subcontinent and Europe.
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