Friday, 20 November 2009

Iran faces winter shortages as gas output slows

Iran, which has the world’s second-largest gas reserves, will be unable to raise output in the next three years and will need more gas from abroad to meet rising domestic demand.

The projection, reported by the semi-official Mehr news agency, suggests Iran will continue to face winter gas shortages as usage of the fuel increases.

It also implies that countries seeking to import gas from Iran will remain disappointed.
“The gas production capacity in this year [ending March 20] would be the same as the last year’s,” said Mohammad Owji, the head of the National Iranian Gas Company, in the Mehr report. “It is predicted there will be no output increase in the next three years.”

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