BAKU, Azerbaijan, Sept. 5
By Elnur Baghishov – Trend:
Iran's South Pars Gas Company is ready to supply the country with gas in the winter, CEO of South Pars Gas Company (SPGC), Hadi Hashemzadeh Farhang said, Trend reports citing the company’s website.
The CEO stressed the company has 12 plants. Repair work on 8 of them has been completed. The repair work at the remaining four plants will be completed untill October 23, 2021.
Hashemzadeh Farhang added that the SPGC can supply about 700 million cubic meters of gas consumption in the country.
As reported, the South Pars Gas Company processes rich gas extracted from the South Pars gas field.
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's share in the field is 14 trillion cubic meters of gas and 18 billion barrels of gas condensate. Iran has so far spent $90 billion on projects of the South Pars gas field.
The phases of the South Pars gas field are located in an area of 3.7 km. Iran has extracted more than 1.8 trillion cubic meters of gas and 2.2 billion barrels of gas condensate worth $335 billion by the end of last Iranian year (March 20, 2021).
Reportedly, Iran is to spend $25-$30 billion to maintain extraction from the South Pars gas field. Iran extracts daily 700 million cubic meters of gas from this field.
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