Iran’s gas export increases by 12 percent

Iran Materials 19 October 2011 15:38 (UTC +04:00)

Azerbaijan, Baku, Oct. 19 / Trend D.Khatinoglu/

Iran's gas export has increased by 12 percent to 8.5 billion cubic meters during the first half of the solar year (started on March 21), Pananews reported quoting deputy oil minister Javad Oji as saying.

Iran has delivered 80 million cubic meters of gas per day to the industry sector and witnessed a 12-percent increase in this field, Oji added.

Iran planned to increase gas production to 520 million cubic from giant South Pars field per day.

Iran holds the world's largest gas reserves after Russia. According to BP statistics, Iran produced 138.5 billion cubic meters of gas in 2010, and this country's internal consumption was 136.5 billion cubic meters.

The South Pars gas field is shared by Iran and Qatar. The Iranian share, which is divided into 29 phases, has about 14 trillion cubic meters of gas, or about eight percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.

Iran eyes to double gas production to 1.2 billion cubic meters of gas per day.