South Pars becomes full operational as Iran’s gas demands rose

South Pars becomes full operational as Iran’s gas demands rose

Baku, Azerbaijan, Nov. 24

By Dalga Khatinoglu – Trend:

Iran is currently extracting 460 million cubic meters per day (mcm/d) of gas from South Pars gas field, managing director of Pars Oil and Gas Company (POGC), Mohammad Meshkinfam said.

According to National Iranian gas Company’s official website, Meshkinfam added that over the past one month, gas extraction from South Pars ranged between 420-430 mcm/d and as the phase 19 platforms were operational, gas production from the joint field has reached 460 mcm/d.

Iran also repaired some platforms and gas refineries to become full ready to supply gas to domestic markets, while the cold season tripled the gas demand in housing sector during last days, compared to warm months.

According to a document, prepared by oil ministry and seen by Trend, the housing sector consumed about 164 mcm/d in first five months of current fiscal year (March 21 to August 22).

However the figure is currently reached 420 mcm/d and expected to surpass 450 mcm/d by the end of November.

Housing sector consumes about a half of Iran’s total commercial gas production, which stood at 520 mcm/d last year. The volume reached 537.6 mcm/d in five months of current fiscal year, which started in March 20, the Oil Ministry’s document said.

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