BAKU, Azerbaijan, Jan. 13
By Elnur Baghishov – Trend:
Iran’s gas extraction from the Iran-Qatar joint South Pars gas field (called North Dome in Qatar) increased by 64 million cubic meters daily in the current Iranian year (from March 20, 2020 to March 21, 2021), compared to the last Iranian year (March 21, 2019 to March 20, 2020), Iranian Oil Minister Bijan Zanganeh told the information portal of Iranian parliament, Trend reports.
The minister noted that this figure is equivalent to the production of 2.5 of Iran's phases operating in the field.
Zanganeh added that this shows that Iran's extraction from the South Pars gas field has not decreased, but increased.
“No producer can meet the 12-13-percent increase in gas consumption. Therefore, gas consumption in the housing sector in Iran must be reduced,” he said.
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.