(News Desk) – Iran fully launched the sixth nationwide gas trunkline (IGAT-6) which will expand the country’s gas exports capacity to Iraq, said the managing director of National Iranian Gas Company (NIGC).
Hamidreza Araqi noted that a major section of the project was completed in the year to March 2018, adding the final 100-kilometer section of the trunkline is now fully constructed.
The pipeline will play a key role in ensuring sustainable gas export to neighboring Iraq, he said.
Iranian President Hassan Rouhani is scheduled to officially inaugurate the project, Araqi said.
Iran is currently producing roughly 830 million cubic meters per day of natural gas, of which 45 million cubic meters per day are exported to Iraq and Turkey.
Iran sits on the world’s biggest gas reserves, according to data from BP Plc. The country uses the fuel domestically and also re-injects it into oilfields to boost production from aging reservoirs.
Iran shares the world’s largest natural gas field, South Pars, with Qatar. Located in the Persian Gulf the Qatari section of the field is called the North Dome.
According to the International Energy Agency, the field holds an estimated 1,800 trillion cubic feet (51 trillion cubic meters) of in-situ natural gas and some 50 billion barrels (7.9 billion cubic meters) of natural gas condensates. The field has significant geostrategic influence.