Production of Iran's South Pars Gas Company grows

Oil&Gas Materials 19 August 2020 12:39 (UTC +04:00)
Production of Iran's South Pars Gas Company grows

BAKU, Azerbaijan, August 19

By Elnur Baghishov – Trend:

The volume of sweet gas produced by Iran’s South Pars Gas Company (SPGC) increased by 155 percent in the last Iranian year (from March 21, 2019 to March 20, 2020) compared to figures seven years ago (the current government came to power in Iran in 2013), CEO of South Pars Gas Company Hadi Hashemzadeh Farhang said, Trend reports citing the company’s official website.

According to Hashemzadeh Farhang, at present, Iran’s daily gas production from South Pars Gas field amounts to more than 700 million cubic meters.

The company CEO stressed that this figure will reach 750 million cubic meters per day by the end of current Iranian year (March 21, 2021).

He added that South Pars Gas Company currently accounts for more than 74 percent of the volume of the processed gas in Iran.

Hashemzadeh Farhang noted that the company had five gas refineries in 2013. However, at present, the company has 12 gas refineries.

The South Pars gas field is a joint gas field of Iran and Qatar. The proven reserves of the South Pars Gas Field are estimated at 51 trillion cubic meters of gas, of which 36 trillion are extractable. Iran has so far spent $33 billion on projects of the South Pars gas field.

Around 75 percent of Iran's gas is supplied by this field.

Gas from Iran's South Pars gas field is transported to refineries in the Pars Special Energy Economic Zone in the port city of Asaluyeh in Iran's southern Bushehr Province via a gas pipeline.

The increase in production of Iran's South Pars Gas Company has also had a positive impact on Iran's exports. Thus, Iran's gas export has increased by 90 percent. At present, Iran exports an average of 80 million cubic meters of gas per day.