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Iranâ??s Strategy for Natural Gas

Hedayat Omidvar

Natural gas as one the most significant fossil fuels, is playing a crucial role in national energy mix in different countries. Nevertheless, its applications have not been limited to energy providing, and has been used widely as the feed stock in production of different varieties of petrochemicals. So, that most of new petrochemical complexes around the country are designed and constructed based on natural gas feed. Natural gas was produced as one of the byproducts of crude oil and mostly was burned. Gradually along with increasing volumes of extracted natural gas, planning on gathering and using associated gas resulted in more usage of natural gas in different sectors including petrochemical feed and fuel. Following the developments, National Iranian Gas Company (NIGC) was established in 1965 as one of the subsidiaries of the petroleum ministry with initial capital of 25 million Rials.