Currently, Iran’s only possible way to export natural gas is to pump it into pipelines. But due to lack of funds, the status of the country’s gas export is unclear and shaky.
So far contracts for export, import, and swap with Turkey, Azerbaijan, Najchivan, and Turkmenistan are made operational and new contracts with Pakistan, Iraq, UAE, Kuwait, Oman, and European countries are on agenda.
As the South Pars field adds 200 million m3 to the country’s gas production rate, Iran will be able to export at least 50 million m3 of it to Europe.
As the Peace Pipeline to Pakistan which was to head for India has come to a halt due to disagreement that followed after Pakistan had signed the deal, Iran’s gas export is expected to be directed at Oman, to which Iran is planning to sell NLG.
While one of the biggest markets for the Iranian gas is Iraq, Iran has faced hardships in the business due to the presence of terrorist groups in the neighbor country.