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Iran's South Pars gas production increases

Business Materials 26 January 2021 16:15
Iran's South Pars gas production increases

BAKU, Azerbaijan, Jan.26

Trend:

Iran's gas production in the joint South Pas gas field has increased and the country currently produces 690 million cubic meters of gas per day, said the Managing Director of Pars Oil and Gas Company (POGC).

"The following production figure is 15 million cubic meters more than approved production plan from the South Pars," said Mohammad Moshkinfam, Trend reports citing IRNA.

"There is a capacity to increase production up to 700 million cubic meters per day, however, we would not increase production unless there is a need for it," he said.

The South Pars/North Dome field is a natural-gas condensate field located in the Persian Gulf. It is by far the world's largest natural gas field, with ownership of the field shared between Iran and Qatar.

Iran's commercial and household sectors have increased gas consumption in recent weeks due to cold temperatures in winter. The Ministry of Petroleum has constantly stated its priority is to supply gas to homes but the increase in consumption might lead to the import of gas in coming years.

The ministry has advised users to reduce consumption by 10 percent that would eliminate the need to import gas while other sectors could profit from the energy as well.

The statistics of the National Iranian Gas Company indicate Iranians in commercial and household sectors have consumed more than 6 billion cubic meters of gas from December 21-30 in 2020.

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