Soaring gas-to-power turns Iran into major fuel exporter
The latest statistics from Iran’s energy ministry indicates that the country increased gas deliveries to power plants by almost 8.2 percent to 37.817 billion cubic meter (bcm) in the first half of the current fiscal year (FY), which started on March 21. Iran plans to increase gas-to-power to 65 bcm in the current FY. The volume was only 35 bcm in 2013. Liquid fuel consumption has significantly declined in Iran due to the boost in the gas deliveries to power sector. For instance, Iran used about 24 billion liters of gas oil and fuel oil in power sector in the fiscal year to March 2014, while this volume in the first half of current FY stands at 2.353 billion liters, almost five times less than the same period three years ago. Fuel consumption and actual power generation capacity of Iran’s power plants On the other hand, Iran’s LPG consumption in households declined from 2.4 million tons in 2010 to around 2 million tons in 2015. During this period, Iran’s LPG production also