Energy   Oil  

Global energy market should be depoliticized: Zanganeh

Iranian Oil Minister Bijan Namdar Zanganeh said the global energy sector should be depoliticized and politically-motivated interferences should be substituted by economic logic, multilateralism, partnership and cooperation, Shana reported.

Speaking at a Russian Energy Week specialized panel dubbed "Towards Leadership in the Global Energy Mix: Priorities of the Gas Industry," in Moscow on Wednesday, the official said: “Imposition of unilateral sanctions on the Islamic Republic of Iran and its extraterritorial application by President Trump is best described as "economic terrorism" and is in violation of international laws, it targets ordinary people’s livelihood.” Zanganeh said.

The official further noted that despite the U.S. obstruction efforts against the Islamic Republic of Iran over the past 40 years, Iran has managed to boost its gas production rate to 750 million cubic meters per day (mcm/d). 

“Given the 17 percent share of Iran in the world’s proven natural gas reserves, the country’s role in the global energy security is undeniable, and next year our output is expected to surpass 1 billion cubic meters per day,” he added.

He went on saying that over the last three decades, the share of gas in Iran’s energy basket has grown annually and now its share in the energy mix has reached over 70 percent, largely by replacing oil in the household, power generation, and industry sectors. 

“At present, around 95 percent of urban and rural households have access to natural gas.” Zanganeh said, adding that “Iran has annually prevented the emission of Green House Gases (GHG) by around 3 percent since the access of the rural population to natural gas has significantly contributed to woodland protection and has prevented deforestation by replacing fuelwood by natural gas.”

Iran fully adhering to international commitments

Elsewhere in his remarks, Zanganeh stressed the fact that Iran is completely complying with its international commitments in all areas.

“Our strategy is respecting and fulfilling international commitments, as well as the development of cooperation in the context of multilateralism. Regional and international cooperation are among our priorities in the energy sector,” he said.

Iran has been one of the founding members of the GECF and OPEC. It is a great pleasure to note that Iran, the Russian Federation, and Qatar which paved the ground for the establishment of the GECF are present in this event, he added.

The official finally proposed to set a goal for increasing the share of natural gas in the world energy mix to 30 percent, by 2040.

“Given the growing role of conventional natural gas as a clean fossil fuel in curbing GHG emissions growth; I propose setting an elevated goal of achieving 30 percent share of natural gas in the world energy mix by 2040 to be achieved through various means with an emphasis on the power sector.”

Iranian, Russian energy ministers meet

On the sidelines of the event, Zanganeh met with his Russian counterpart Alexander Novak on Wednesday to discuss global and regional energy issues.

In this meeting, the officials stressed the expansion of mutual energy ties in all areas.

Russian Energy Week International Forum was established in September 2016, with further changes instigated by order of the Russian government in March 2018.

This year’s edition of the forum is taking place during October 2-5 in the Central Exhibition Hall ‘Manege’ in Moscow.

News No: 6489
Date: 2019/10/02 - 22:38
News Source: Tehran Times

GECF  GECF  Global energy market  Bijan Namdar Zanganeh 


Leave a Comment:


Iranian petrochemical production rises 6%

The output of Iranian petrochemical production units in the first 50 days of the current Iranian calendar year (started on March 19) increased by six percent compared to the previous year’s same period, Shana reported.

Gasoline storage capacity up 120m liters

Deputy director of operations at Iranian Oil Pipelines and Telecommunications Company (IOPTC) says using the company's storages has increased the country's gasoline storage capacity by 120 million liters, IRNA reported on Saturday.

Rouhani calls on oil, petchem companies to be more active in stock market

Iranian President Hassan Rouhani has instructed Oil Ministry to take the necessary measures for increasing the presence of oil and petrochemical companies in the stock market, Shana reported.

Details uncertain ahead of Opec + emergency meeting

The Opec+ group will be under intense pressure to reach a production cut agreement at an emergency online meeting today. But expectations are low, with many aspects of the discussions still not agreed.

Iran to Start Tapping into Phase 11 of South Pars Gas Field by Sep. 2021

Iran’s Oil Minister Bijan Namdar Zanganeh expressed hope that his country will have a daily output of 1 billion cubic feet from the under-development phase 11 of the South Pars gas field, the world's largest gas reservoir.

OPEC, non-OPEC agreement reachable before April

Iranian Minister of Petroleum Bijan Namdar Zanganeh says OPEC+ could reach an agreement to consider deeper cuts in the group’s output before the end of March., Shana reported.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners