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‘Iran Gas Outlook 2027’ comes out

11 March, 2019

As the third largest gas producer and one of the largest producers of gas liquids and gas condensates in the world, Iran intends to continue development trend of its gas industry in line with its ‘twenty-year development outlook’, which started in March 2006, under 4 five-year development plans. The Planning Outlook had been initially scheduled to end in March 2026; however, because Iran’s ‘6th Five-Year Development Plan’, or ‘3rd stage of Outlook Plan’, faced a one-year delay, the Plan was postponed to March 2027.

At present, following the re-imposition of the US unilateral sanctions on Iran oil industry since early 2018, the country’s plan to utilize international financial resources and technology to develop and upgrade its upstream and downstream gas industry has faced difficulties, which caused the projects to experience many delays and thus, fall behind the target.

Considering the above obstacles, ‘Iran Gas Outlook 2027’ demonstrates the latest revised figures on production state as well as consumption of gas and its derivatives in this period and attempts to provide comprehensive information on current production, consumption and export figures and future estimate of Iran rich gas, sweet gas, condensate, NGL, LNG, LPG and ethane products up to March 2027.

IranOilGas Network is also preparing ‘Iran Petrochemical Outlook 2027’, which will come out shortly.

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