High Consumption to Make Iran Gas Importer in 20 Years

IRAN NEWS ECONOMIC DESK

TEHRAN – The managing director of Iranian Fuel Conservation Company (IFCO) says with the current trend of gas consumption in the country, Iran may become a gas importer in 20 years and it may import 500m cubic meters of gas per day.

Speaking in a press conference, Ali Mobini Dehkordi said that currently the capacity of the country is incomparable with the past two decades, adding that capabilities and physical infrastructures have become stronger and bigger and if the country has good organizing and uses public capacity, and then it can cheat the impossible.

He then touched upon the outbreak of Coronavirus and sanctions, adding that these two issues have toughened the condition for the country, and unemployment has increased and it has also restricted and affected transfer of technology or financial resources, demand and supply and other factors in the business.

Mobini Dehkordi went on to say that country has currently big capacities for generating financial resources which can be materialized through saving the energy waste and conservation.

He further said that energy consumption should be managed in the country in order to generate financial resources.

He stipulated that currently private power stations have been activated in the country but the country should first find solution for managing the challenges.

Mobini Dehkordi noted that conservation of energy can be equal to 3 to 3.5 million barrels of crude oil and if we calculate every barrel of crude oil with the current price of $43 and post Coronavirus price of $65, it will become a noticeable amount of money which can be used in creating jobs and exploiting the resources.

He said that Iran in terms of offering energy is close to Germany but its consumption is six times more than this European state, adding that GDP of Germany, regarding its purchasing power is three times more than Iran, is six times more than Iran and it shows energy consumption in Iran serves the non-productive sector.

He further reiterated that energy consumption in Iran is three times more than the UAE, Turkey and China and two times of Saudi Arabia and Iraq, stating Iran’s energy consumption is even more than Russia.

Mobini Dehkordi said in the recent decade, Iran’s initial offering of energy has grown by 3 percent on average annually and due to its Gross Domestic Product, initial energy consumption has witnessed uptrend growth while the energy consumption growth in the world has been declining.

He noted that currently the energy consumption in the country is equal to 6.3m oil barrels per day, reiterating that by taking conservation plans, the country can save 50 percent in energy consumption.

He reiterated that if the current trend in gas consumption in the country continues with the same speed, then the country will have to import 500m cubic meter of gas per day in the next 20 years.

He noted that the amount of energy consumption in Iran is three times more than world average while the energy consumption is declining in the world and Iran should take serious measures in this regard.