EnergyQuick read

Iran calls for cutting gas consumption by 10pc as winter nears

Business Recorder • • 1 min read

Iran calls for cutting gas consumption by 10pc as winter nears

Iran’s parliament speaker Mohammad Bagher Ghalibaf has urged people to reduce gas use by at least 10 percent as the country prepares for winter and officials warn of supply gaps. Business Recorder reported that households saving gas would receive payments reflecting their reductions, under a nationwide conservation campaign.

Iran produces substantial gas but has repeatedly faced shortages, with damage to gas refineries during the war with the United States and Israel adding pressure on supplies. First Vice-President Mohammad Reza Aref said in October that the expected daily shortfall during the cold season could reach 100 million to 250 million cubic metres, while the government hoped to restore about 100 million cubic metres of supply before winter. The disruption comes as Iran and the United States continue their contest over the Strait of Hormuz, a route previously carrying around a fifth of global oil and liquefied natural gas shipments.

At a glance

  • Iran’s speaker called for a reduction of at least 10 percent in gas consumption.
  • Officials expect a winter gas deficit of 100 million to 250 million cubic metres daily.
  • Iran said refinery damage from the war had worsened supply constraints.

Originally reported by Business Recorder

This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.

Read the full story

Want the full article here?

Log in to read the full article in the Investify reader, in English or Urdu.

Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.

Built for PSX investors

Business news.Every filing, summarised.

Top stories from Pakistan's business press and key findings from every PSX announcement.

Investify announcement summary with key findings from a PSX filing
Investify app home screen with Pakistan business news and PSX filings