Page 11 - MEOG Week 46 2022
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MEOG PROJECTS & COMPANIES MEOG
Iran’s NIOC ranked the world’s
worst methane emitter
IRAN THE National Iranian Oil Co. (NIOC) spews Methane is the primary component of nat-
more methane, a potent greenhouse gas, than ural gas. It is responsible for about 30% of the
any other global energy producer, according Earth’s warming. The gas has 84 times the warm-
to a report by the San Francisco-based Global ing power of carbon dioxide during its first two
Energy Monitor. decades in the atmosphere.
A GHGSat satellite observed methane emis- The International Energy Agency (IEA)
sions near state-owned NIOC fossil fuel facilities has called for oil and gas operators to cease all
- namely the Arsanjan-Kheirgoo Gas Compres- non-emergency methane venting.
sor Station - on November 6 in a remote corner
of Iran’s southern Fars Province. The emissions Lost revenues
monitoring company estimated that the meth- Also this week, Reza Padidar, head of the energy
ane was spewing at a rate of 795 kilograms an committee at Tehran Chamber of Commerce
hour at the time of observation. has said that the country has lost hundreds of
Bloomberg said the station’s three compres- billions of dollars in revenue due to sanctions.
sors help ship as much as 110mn cubic metres “Iran’s oil industry lost over $450 billion in
(mcm) of gas a day from the South Pars field revenues over the past 10 years due to sanctions,
1,050 kilometres (650 miles) north to Tehran. according to a recent OPEC report.”
They were designed to raise transmission capac- The industry official which cited the OPEC
ity during the winter heating season, according figures, said in an interview with the online mag-
to a promotional video from the site’s operating azine that the industry has taken a massive hit in
unit, Sekafco. terms of revenue due to US sanctions.
Global Energy Monitor found that just 30 Despite stringent US sanctions remaining on
fossil fuel companies account for nearly half of the Iranian oil and gas sector, the country has
the oil and gas sector’s emissions of methane. It managed to earn more than $25bn in the past
said the #2 biggest emitter is Russia’s Gazprom. Persian calendar in sales.
Third is China Energy. All of the top 10 biggest The US pulled its companies out of Iran
methane emitters are located in the Middle East, during the revolution of 1979 that brought the
China, or Russia, the group added. Islamic Republic to power.
Week 46 16•November•2022 www. NEWSBASE .com P11
