Baku, Azerbaijan, May 27
By Fatih Karimov - Trend: Gas flaring in 10 phases of Iran's South Pars gas field has plunged by seven fold, reaching 8 million cubic meters per week from 56MCM in 2008, Mehdi Yousefi, the managing director of Iran's Pars Special Energy and Economic Zone said.
The volume of gas flaring in 10 phases of the South Pars gas field was 56 million cubic meters per week in Iranian fiscal year 1387 (March 2008-March 2009), he said, adding that the amount has been reduced to 8MCM per week, Iran's Shana news agency reported May 27.
Associated gas is a form of natural gas which is found with deposits of petroleum, either dissolved in the oil or as a free 'gas cap' above the oil in the reservoir. Historically, this type of gas was released as a waste product from the petroleum extraction industry. Due to the remote location of many oil fields, either at sea or on land, this gas is simply burnt off in gas flares. When this occurs the gas is referred to as flare gas.
According to statistics, some 3.5MCM of gas is burnt in the South Pars gas field per day. Considering each cubic meter of gas at 30 cents, it adds up to a loss of $1 million daily for the country.
Iran's total gas flaring currently stands at about 14.6 billion cubic meters per annum (bcm/a).
According to a report released by the World Bank, the total global flaring of gas is about 140 bcm/a, while Iran stands in third place after Russia and Nigeria in term of the amount.
The WB says that the global gas flaring causes more than 300 million tons of CO2 to be emitted into the atmosphere.
Regarding Iran 's 202 bcm/a of enriched gas production level, above 0.7 percent of the country's total gas production is wasted because of flaring. This volume is more than the country's total gas export,which stood at 9.7 bcm/a last fiscal year (ended on March 20).However, according to the U.S. Energy Information Administration, Iran flares about 6.2 tcf/a (equals to 17.5 bcm/a).
Edited by CN