It is reported that Iran plans to invest USD 130 billion over the next 20 years to help meet rising domestic demand for natural gas.

According to the report, National Iranian Gas Co will allocate USD 90 billion to gas transmission projects. It will add to its existing pipeline network with 53,000 new kilometers of pipelines and 140 gas booster stations.

Mr Seyed Reza Kazzaeizadeh MD of National Iranian Gas Co said that “Based on the 20 year outlook plan, USD 130 billion will be invested, out of which USD 90 billion will be allocated to the gas transmission projects. He said under current circumstances, demand for gas in cold season is higher than supply and the output falls to meet the need.”