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Irans Oil Minister Mohsen Paknejad stated that his country is targeting to collect 16 billion cubic meters (bcm) per year of associated petroleum gas (APG) in the Seventh Development Plan (2024-28), Shana reported. He noted that the currently collected APG amounts to 4 bcm per year.
Gas demand rose by 115 billion cubic meters (bcm), or by 2.7%, compared with an average increase of around 75 bcm annually over the past decade. As a result of higher power consumption, natural gas saw the strongest increase in demand among fossil fuels in 2024. By Tsvetana Paraskova for Oilprice.com
Iran’s gas field saw partial shutdown but Strait of Hormuz flows remained uninterrupted. While Iran consumes all its gas domestically due to sanctions, neighboring Qatar exports 77M tonnes annually from the shared field with Exxon and Shell. to April highs after Friday’s 4.8%
He elaborated that the company transported 64 billion cubic meters (bcm) of gas during 2024. This came during the general assembly meeting of the company chaired by the Minister of Petroleum and Mineral Resources Karim Badawi to discuss and approve its annual results of 2024.
bcm, crude oil increased 1.5% Daily production at the Sakarya field now reaches 9.5 Read more Chinas fossil fuels production retreats from record levels Summary : Chinas fossil fuel output declined in April from March’s record levels, though year-on-year production remained up: natural gas rose 8.1% to 389 million tons.
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