Mohammad Hossein Adeli, Secretary General of the Gas Exporting Countries Forum (GECF), declared that the world was entering the “Golden Age of Gas” thanks to “the world’s abundant natural gas resources, from both conventional and unconventional sources”, reported Fars News Agency.
“It should be underscored that the natural gas industry is more capital-intensive than many other energy sectors, and requires stable revenues to ensure its survival and replacement. Consequently, security of supply cannot be envisaged in a volatile environment where investors may see their assets come under threat at any time”, he explained.
Nonetheless he was optimistic. “In terms of energy perspectives to 2040, we project that primary energy demand will continue to increase, while the market shares of oil and coal are expected to decline. Biomass, nuclear, hydro and renewables are all gaining share, but natural gas will benefit the most, ensuring the convergence towards global GHG emissions commitments”, he said.
He was speaking at the 6th Asian Ministerial Energy Roundtable themed Energy Security through Dialogue in Doha, Qatar, in the run up to the forthcoming 3rd Gas Summit of heads of state and government of the GECF member countries that will be held on November 23, 2015 in Tehran. The Forum itslef was established in 2001, in Tehran.
In related news The Maritime Executive quoted Azizollah Ramezani, the head of the National Iranian Gas Company’s liaison office, as saying that “Iran is considering several routes to deliver gas to Europe, possibly around five or six routes”, in preparation for the final removal of sanctions.
More specifically he suggested that Iran might consider the “Turkish Stream” pipeline – a proposed Russian-Turkish venture to transport gas across the Black Sea.
Media reports in Iran also indicate that Iran has preliminary agreements with Spain as its primary gateway to the European market, while Spain itself is planning an expansion of its pipeline connections to the E.U. gas grid.
Spain the largest LNG receiving terminal capacity in Europe.
In the meantime, Iran is investing heavily in building a VLNG fleet, with international help, and sees Europe as the main target for its post-sanction future gas exports.