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Iran Plans Gas Link to Cut Import Dependency, Tehran Times Says

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Nov. 27 (Bloomberg) -- Iran plans to build a pipeline to increase natural gas supplies to its northern provinces and cut reliance on imports from Turkmenistan, the Tehran Times reported, citing a top energy official.

The 160-kilometer (99-mile) link, which will carry gas from Semnan province to Mazandaran province, bordering the Caspian Sea, will be completed in two years at a cost of 3.5 trillion rials ($286 million), the report cited Javad Owji, National Iranian Gas Co.’s managing director, as saying.

Iran imports as much as 18 million cubic meters of gas a day from Turkmenistan and the figure rises as high as 30 million cubic meters in winter months, according to the report.

The country consumed 153.3 billion cubic meters of gas last year and produced 151.8 billion cubic meters, the newspaper said.

To contact the reporter on this story: Ladane Nasseri in Dubai at lnasseri@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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