Iran to use storage to cover 25% of its gas needs by 2026

Iran intends to considerably expand its underground gas storage by 2026, when it hopes to be able to meet 25% of its entire domestic consumption.

Iran (IMNA) - The Iranian Oil Ministry intends to enhance gas storage capacity in the country to a level in 2026 that can accommodate 114 million cubic meters per day of gas demand, according to a report published on Sunday by the Fars news agency.

By digging 28 additional wells, the existing underground storage facilities in Shurjeh, northeast Iran, might be expanded to accommodate 4.5 billion cubic meters (bcm) of storage annually.

As part of the plans to be able to store 1.5 bcm of gas annually, the storage facility at Sarajeh, located in the central Iranian province of Qom, would likewise be expanded.

Smaller storages are proposed for Kashan in central Iran, Gorgan in the northeast, and Ilam in the west of the country. A huge gas storage facility with a 15 bcm per year capacity is scheduled to be developed near the Mokhtar gas field, in the southern Iranian district of Yasuj.

Iran, unlike many other nations, mostly relies on gas that is piped straight from producing facilities in the south to supply its enormous gas consumption.

Additionally, the country receives substantial quantities of gas from Turkmenistan in its northeast as part of a swap agreement that calls for the transfer of an equal quantity of gas to Azerbaijan in its northwest.

Direct consumption, however, may in the future lead to issues with the Iranian gas grid's resilience, particularly during cold snaps and periods of high demand, according to analysts.

With little over 1 bcm per day of production, more than 90% of which is used domestically, Iran is presently the third-largest natural gas producer in the world.

News ID 672473


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