Page 18 - MEOG Week 45

MEOG NEWS IN BRIEF MEOG

first quarter of next year will see the launch of projects worth 1.88 trillion rials (about Iran’s gas reserves in
Ice Futures Abu Dhabi or ‘IFAD,’ he said. As $44.761 million) in the southern Fars province
the first exchange to include futures contracts through video conference, IRNA reported. Khangiran to reach 2 bcm
based on Abu Dhabi’s popular Murban grade, The inauguration ceremony was attended
IFAD is expected to offer great value for by the Head of National Iranian Gas Company The National Iranian Gas Company (NIGC)
producers and customers alike. (NIGC) Hassan Montazer Torbati and some has announced that reserves in the Khangarin
Al Jaber also said ADNOC would expand provincial officials. gas field in south of the country have reached
its downstream operations by investing to As part of the mentioned projects, a city, 2bn cubic metres, SHANA reported on
enhance the UAE’s industrial base. “Our joint and 55 rural areas were connected to the November 4. Locally called the Shujireh Gas
venture with the Abu Dhabi holding company national gas network, while natural gas was Storage Unit (Shahid Hasheminejad Refinery),
– ADQ - is an investment vehicle for partners also supplied to 125 production and industrial the site has seen an increase of 40% in natural
to join us in accelerating the development units. As reported, over the past seven years, gas storage during the summer months.
of our petrochemicals and derivatives more than 18,000 villages with 1.6 million Rahim Vaghari of NIGC said that since the
industry here in Abu Dhabi. We have the households have been connected to the start of the current calendar year, which began
oil, and we have the natural gas. We have national gas network. on March 21, 1.74 bcm of sweet gas has been
the infrastructure, and we have the logistics. Back in August, Zanganeh said that stored in the storage complex at Shurijeh.
Everything you need, everything in one place currently about 88 percent of the country’s He added: “Since the beginning of this
and all in the perfect geographic location.” rural areas are supplied with natural gas Persian calendar year, the amount has
Opportunity also lay in the industry’s need through the national network, while nearly increased by about 40% compared to the same
to do more for climate change, according 95 percent of the country’s total population is period last year, with the aim of storing sweet
to Al Jaber. “ADNOC is already one of the enjoying natural gas which is unprecedented gas in the hot season and withdrawing in the
least carbon intensive producers in the world in the world. The NIGC head had earlier cold season in recent years.”
but our aspirations are greater,” he said, announced that gas supply operations in rural Vaghari added: “Currently, it is possible
adding that over the next decade, ADNOC and urban regions of various provinces were to inject 13mn cubic metres of gas per day
would reduce its greenhouse gas intensity ongoing despite the limitations created by the with three rows of compressors, which is 3mn
by a further 25%. “We are expanding our outbreak of the coronavirus. more than the nominal capacity of the facility.”
carbon capture programme so that it stores 5 According to Torbati, in the past few years, The company official added that they have
million tonnes of CO2 every single year and every year more than 3,000 villages have been made savings in recent months from cost
importantly we will explore the potential of connected to the national gas network. cutting and efficiencies.
new fuels, such as hydrogen.” Earlier, NIGC’s former dispatching director BNE
The ADNOC strategy, Al Jaber said, is had said that the transmission capacity of the
based on the knowledge that post-COVID, national gas network rose to one billion cubic
the world will demand the lowest carbon oil meters per day (bcm/d).
and gas possible: “That is a market. That is an The official mentioned the South Pars gas
opportunity.” field’s new platforms going operational in the
OIL & GAS ME current year and noted that with the increase
of the national gas network’s capacity the
new production capacity from the South Pars
GAS platforms won’t be idle.
South Pars gas field, which Iran shares
Zanganeh inaugurates with Qatar, covers an area of 9,700 square
kilometers, 3,700 square kilometers of
181 gas supply projects in which, called South Pars, are in Iran’s
territorial waters. The remaining 6,000 square
southern Iran kilometers, called North Dome, are situated in
Qatar’s territorial waters.
Iranian Oil Minister Bijan Namdar Zanganeh, TEHRAN TIMES
on Monday, inaugurated 181 gas supply

P18 www. NEWSBASE .com Week 45 11•November•2020