South Pars Gas Output to Hit 750 mcm by Late 2019
The countrys gas production capacity from the supergiant South Pars gas field would cross 750 million cubic meters per day by late 2019.
Addressing a ceremony to officially launch phases 13 and 22-24 of the major joint gas field, that was held in the presence of the Iranian President Hassan Rouhani in the southern city of Assaluyeh on Sunday, Iranian Minister of Petroleum, Bijan Zangeneh said: Iran"s gas production capacity stood at 622 mcm/d back in 2013 which is currently at 841 mcm/d and was expected to reach 880 mcm/d next calendar year and 950 mcm/d by 2020.
The Iranian Minister of Petroleum added that gas production from South Pars stood at an average of 610 mcm/d while production capacity was 660 mcm/d from the joint gas fields. The items produced at the phases are valued at roughly $5 billion per year.
Iran has invested $10 billion in the two megaprojects which exceed 2% of the country"s gross domestic product.
- 19/03/2019 - 13:16
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