BAKU, Azerbaijan, Nov. 25
By Elnur Baghishov – Trend:
The sweet gas production in Iran has increased to 900 million cubic meters a day, Deputy Oil Minister and Managing Director of the National Iranian Gas Company (NIGC), Hassan Montazer Torbati said, Trend reports referring to the company’s official portal.
According to Torbati, the volume of sweet gas currently produced in Iran per day is equal to 5 million barrels of crude oil.
The deputy minister added that the main reason for this increase is the work done to increase extraction from Iran's South Pars gas field.
The director noted that along with the increase in gas production in Iran, gas consumption is also increasing. Thus, gas consumption in Iran increased by daily 30 million cubic meters this summer compared to the same season last Iranian year.
"A total of 14,000 villages in Iran were supplied with gas until 2013 (the current government in Iran has been in power since 2013). This figure is reached to 32,000, at present. This means that on average of 3,000 villages were supplied with gas per year," he said.
As reported, Iran's sweet gas production was about 800 million cubic meters per day, until now.
On November 23, gas consumption in Iran amounted to daily 480 million cubic meters.
The South Pars gas field (called North Dome in Qatar) 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 $80 billion on projects of the South Pars gas field.
Iran extracted 570 million cubic meters of gas per day from this field in the last Iranian year (from March 21, 2019, to March 20, 2020).
The South Pars gas field has the potential to produce daily 700 million cubic meters of gas and Iran is currently extracting 630 million cubic meters of gas per day from the gas field.