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Iran looks to lift gas output by two-thirds over next five years
By NJ Watson Iran will raise its domestic gas production from 0.6bn cubic metres a day (cm/d) to 1bn cm/d by 2014, according to deputy oil minister and head of National Iranian Gas Company Azizollah Ramezani. Ramezani said the government will use budgetary funds and tap international capital markets for project finance. He appeared to play down the prospect of the Doha-based Gas Exporting Countries Forum (GECF) evolving into a gas Opec – and attempting to control gas prices by varying output. The GECF's main objective would be to promote relations between suppliers, consumers and traders, and to accelerate the expansion of the global gas infrastructure. "This organisation will help consumers and suppliers," he said, adding that most contact so far has been between Iran, Russia, Qatar and Algeria. The Netherland's Gasunie praised GECF for inviting consumer organisations, including his company, to participate in the producer-led dialogue. "We are fortunate in this world to have vast gas reserves, but to bring them to market we need to have co-operation and dialogue," said Marecl Kramer, chief executive of Gasunie.
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