INSUBCONTINENT EXCLUSIVE:
TEHRAN Iran's gas production reached 856 million cubic meters (mcm) over the past 24 hours, with 68 percent of the supply consumed by homes,
commercial units, and small industries, the National Iranian Gas Company (NIGC) reported.According to the report, 578 million cubic meters
of gas were used in these sectors, highlighting the considerable share of property and industrial intake in the countrys total gas
demand.The NIGC has advised residents to set indoor temperature levels in between 18 and 21 degrees Celsius, use warm clothes at home, and
utilize thick drapes to assist optimize gas consumption.Iran, endowed with a few of the worlds biggest natural gas reserves, has actually
traditionally been a dominant player in international energy markets
Recent developments have highlighted significant difficulties in its gas production and usage landscape.In 2023, Iran's natural gas
production reached approximately 245 billion cubic meters (bcm), marking a 1.6 percent increase from the previous year
Regardless of this uptick, the nations consumption rose to 245 bcm, showing a consumption-to-production parity
This pattern highlights Iran's intensifying domestic energy needs, primarily driven by residential heating, electrical energy generation,
and automobile fuel.The growing intake has actually strained Iran's energy facilities, resulting in frequent power interruptions and gas
Out-of-date facilities, paired with ineffectiveness such as flaring and transmission losses, intensify the scenario
Significantly, in late 2024, the Iranian federal government imposed across the country blackouts, impacting industries and life
The crisis was further magnified by the IRGCs involvement in crucial energy sectors, hindering effective management and strategic
development.In a quote to bolster its energy sector, Iran has actually engaged in regional cooperations
A considerable advancement is the contract helping with Turkmenistans natural gas transit through Iran to Turkey, reliable from March 1,
This offer not only positions Iran as a crucial energy transit center but also provides possible economic benefits amidst its domestic
challenges.Addressing Iran's energy difficulties necessitates substantial financial investments in facilities modernization, adoption of
effective technologies, and strategic policy reforms
Such steps are important to satisfy domestic demands, enhance export capacities, and stabilize the nationwide economy
The recent Turkmenistan-Turkey-Iran gas transit contract exemplifies the potential of local cooperation in strengthening Iran's position in
the global energy arena.EF/
