Iran News ...


07/25/11

Iran's Natural Gas Production to Reach 1.2 Bln Cubic Meters

Source: Moj News

By the completion of the 24 projected phases of the South Pars gas field, Iran's natural gas production would reach 1.2 billion cubic meters.

Javad Oji, head of the National Iranian Gas Co.(NIGC) has said by the completion of the 24 projected phases of the South Pars gas field, production would reach 1.2 billion cubic meters of which 250 million cubic meters will be exported.

According to Oji, Iran is currently producing 600 million cubic meters of gas per day of which 37 million cubic meters is exported.

Iran has reached a trilateral agreement with its allies Syria and Iraq to build a pipeline also known as the Islamic Gas Pipeline which would boost its gas exports. The contract is due to be signed today in Iranian port city of Assalouyeh.

Oji said the pipeline, with an estimated construction cost of $10 billion, would be inaugurated within the next three to five years.

Iran has long-term ambitions to expand its gas exports, particularly to European countries.
In January, Iranian and Syrian oil ministers announced their plan to build a gas pipeline with the cooperation of Iraq to widen export options for regional energy players.

The South Pars gas field in the Gulf, shared with Qatar, makes up the world's largest pure gas reserve. Oji said the field holds 16 trillion cubic meters of recoverable gas which can be a secure source of gas supply in the next 80 years.

... Payvand News - 07/25/11 ... --



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