In the period from 2016 to 2020 Iran plans to increase gas exports by more than seven times.
Currently Iran exports about 8 bcm of gas per year to Turkey and exchanges about 300-400 mcm of gas for electricity with Armenia.
However, according to the report of the National Iranian Gas Company, the country plans to increase gas exports to 70 bcm by 2020.
The energy sector demand for gas is expected to increase by only 15 bcm a year to around 70 bcm, while the industrial sector will double gas consumption to more than 80 bcm by 2020.
The housing sector of Iran, which consumes about 40% of the total volume of gas produced in the country is projected to not greatly increase the gas consumption – approximately from 95 bcm in 2016 to just over 100 bcm in 2020.
The total gas production will increase from about 240 bcm in 2016 to 340 bcm in 2020.