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Oil minister: Iran’s daily gas output to reach 1.47 bcm by 2015

Oil&Gas Materials 8 November 2011 11:12 (UTC +04:00)
Iranian oil minister Rostam Qasemi said that the country’s gas output will reach 1.47 billion cubic meters per day by 2015 (the end of the fifth five-year development plan).

Azerbaijan, Baku, Nov.8 / Trend F.Milad/

Iranian oil minister Rostam Qasemi said that the country's gas output will reach 1.47 billion cubic meters per day by 2015 (the end of the fifth five-year development plan).

The current gas output is 630-650 million cubic meters per day, Qasemi told IRNA news agency.

Iran focuses on boosting gas production capacity from its joint oilfields with Qatar and Saudi Arabia, minister said.

Iran has implemented a crash plan to boost natural gas output at the phase 1 of the South Pars gas field, which is connected with Qatar in the Persian Gulf.

Iran ranks second on the world's largest natural gas reserves after Russia. It tries to increase its gas production by increasing foreign and domestic investments, especially in its South Pars gas field.

The field has 14 trillion cubic meters of natural gas (about 8 percent of the world's reserves) and more than 18 billion barrels of liquefied natural gas (LNG) resources.

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