Iran’s NIGC ready to increase gas transfer by 100 million cubic meters
Tehran, Iran, May 21
By Milad Fashtami - Trend:
Iran's gas output is expected to rise by 100 million cubic meters by winter.
Now the National Iranian Gas Company (NIGC) says it will be ready in time to transfer the additional amount of gas through the country's national gas pipeline, Iran's Tasnim News Agency reported on May 21.
Hassan Montazer Torbati, NIGC's director for planning affairs, said that in the past years the country's total output has been averagely increasing by 2-2.5 percent each year.
"It is while the country's consumption rate has been increasing by 8-8.5 percent annually," he explained.
"NIGC's main priority is to increase Iran's gas production capacity. South Pars gas field's output is expected to rise by 70-100 million cubic meters per day this year (to end on March 20, 2015). So, NIGC has focused on transferring the mentioned amount of gas to other parts of the country," he said.
Torbati went on to note that Iran will complete the 4th, 8th, and 10th cross-country gas pipelines this year (to end on March 20, 2015). The construction operation of the 6th cross-country gas pipeline will also be started this year.
South Pars is part of a wider gas field that is shared with Qatar. The larger field covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran's territorial waters (South Pars) in the Persian Gulf. The remaining 6,000 square kilometers, referred to as the North Dome, are in Qatar's territorial waters.
The Iranian gas field contains 14 trillion cubic meters of natural gas, about eight percent of the world's reserves, and more than 18 billion barrels of LNG resources.
Iran has the world's fourth-largest proved national reserves of oil - most of it cheap to produce - and is home to the biggest proved reserves of natural gas, some 18 percent of the global total.
According to BP's latest yearly report, Iran's dried gas output is about 160 bcm, a little more than domestic consumption level.
Iran exported 7.5 bcm of gas to Turkey and imported 4.5 bcm gas from Turkmenistan in 2012, according to BP's report.