Iran seeking greater percent of Int’l Gas Market

Asqar Soheilipour, An Iranian oil official, declared that Iran is taking steps to increase its percentage of the international, natural gas trade. Along with an increase in natural gas production, infrastructure will be expanded for this greater role in natural gas trading.

The Iranian National Gas Company has concluded agreements to export gas to both Pakistan and Europe. Iran’s goal is to attain a market share of between 8 to 10 percent. Soheilipour added that by 2015, Iran will enlarge its production capacity to 900 million cubic meters. The Iranian government is planning to invest $4.149 billion in this project.