BAKU, Azerbaijan, August 18. The volume of flare gas collected in Iran will exceed 600 million cubic feet (around 17 million cubic meters) by the end of this year (March 20, 2026), Iranian Oil Minister Mohsen Paknejad said at an event organized in connection with commissioning NGL-3100 plant, Trend reports.
According to him, over the past year, the country increased the collection volume of flare gas by about 280 million cubic feet (circa 7.93 million cubic meters), however, before the current government (which took office in August 2024), the country was collecting 330 million cubic feet (about 9.34 million cubic meters) of flare as per day.
Paknejad also said that by 2029, the country should increase the volume of flare gas collected to 16 billion cubic meters per year and 44 million cubic meters per day.
The minister pointed out that the relevant auction for the collection and sale of 270 million cubic feet (about 7.64 million cubic meters) of flare gas per day was recently held.
He added that for attracting private investments, an auction for the collection and sale of 700 million cubic feet (about 19.8 million cubic meters) of flare gas per day is planned, enabling to deliver 150 million cubic feet (nearly 4.25 million cubic meters) of light gas per day to the country's gas network.
To note, NGL-3100 plant has the potential to process 240 million cubic feet (about 6.8 million cubic meters) of flare gas per day. It will process flare gas produced along with crude oil from Iran's eight oil fields.
------
Follow the author on X: @BaghishovElnur
