Iran's energy sector review

Latest official reports show that Iran consumed 157.5 billon cubic meters (bcm) of natural gas during the last 11 months in the housing, industrial and power plants sectors, indicating a 17.16 bcm increase year-to-year. The figures for 1.5 months and 10 months of the current fiscal year were about 148.5 bcm and 138 bcm. Iran's fiscal year starts on March 21, based on a solar calendar, coinciding with the beginning of spring. Accordingly, the monthly gas consumption during 10 months was 451 million cubic meters per day, (mcm/d) while this figure for first half of 11th month reached 479 mcm/d. This is while the gas consumption during 24 hours of Feb.22 reached 621 mcm/d. If the average daily consumption continues at yesterday's pace, it's expected that the country's gas consumption will reach 173.6 bcm per annum, about 17.4 bcm more than the previous year. Naser Ebrahimi, Director of Gas Distribution Department of National Iranian Gas Company (NIGC) told Shana