Iran is likely to start exporting natural to the city of Basra in southern Iraq can in March 2018, National Iranian Gas Company’s Managing Director, Hamidreza Araqi, stated, according to Financial Tribune.
“Iraq has expressed readiness to receive Iranian gas in Basra in two months … Shalamcheh border [in the southwestern province of Khuzestan has been chosen as the gateway for gas export to Basra,” Hamidreza Araqi was also quoted as saying by IRNA on January 8th.
Once Iraq shows its readiness, Iran will start natural gas supply to Basra by up to 25 million cubic meters per day.
Additionally, Iran eyes Georgia as a potential market for exporting its natural gas, Azer News reported.
Despite the increase of Iran’s natural gas production and its plans to boost produce 1 billion cubic meters per day (bcm/d) by the end of the current Iranian fiscal year (March 20, 2018), Iraq and Turkey are the only markets to which Iran exports gas. Iran exports 14 million cubic meters to Iraq and 30 million cubic meters of gas to Turkey per day at the moment.