Categories: EnergyHard News

Iran raises daily gas output by 70m cubic meters

Oil Minister Bijan Namdar Zanganeh has said that Iran's gas output has surpassed 70 million cubic meters and is estimated to reach 100 million by year-end.

Iranian Oil Minister Bijan Namdar Zanganeh announced that the country’s daily gas output has increased by 70 million cubic meters since the new phases of the South Pars gas field came on stream.

“This increase of output (70m cm/d) will hit 100 million cubic meters by the yearend (March 20, 2015),” Zanganeh said, addressing a meeting of the National Iranian Gas Company (NIGC) directors in Tehran on Sunday.

He noted that the NIGC is working on new phases of the giant South Pars gas field that will add an extra 100 mcm of gas per day to the country’s output once they come on line.

In October, Zanganeh announced that Iran plans to boost production in the South Pars gas field to overcome gas shortage in the country.

“We hope to add another 100 million cm/d to the country’s national grid before the end of the year,” Zanganeh told reporters.

The Iranian oil minister also said that the South Pars gas field’s output will increase to 540m cm/d by the end of the next Iranian year (March 2016).

In November, Managing Director of the NIGC Hamid Reza Araqi announced that Iran is planning to nearly double its natural gas production by 2018 even if the Western sanctions against the country stay in place.

“Over the next four years, our plan is to increase production to 330 billion cubic meters per year,” Araghi said.

The South Pars gas field, divided into 28 phases, is located in the Persian Gulf on the common border between Iran and Qatar. The field is estimated to hold 14 trillion cubic meters of gas as well as 18 billion barrels of condensates.

The field covers an area of 9,700 square kilometers, 3,700 square kilometers of which lie in Iran’s territorial waters in the Persian Gulf. The remaining 6,000 square kilometers, better known as the North Dome, are located in Qatar’s territorial waters.

Emad Askarieh

Emad Askarieh has worked as a journalist since 2002. The main focus of his work is foreign policy and world diplomacy. He started his career at Iran Front Page Media Group, and is currently serving as the World Editor and the Vice-President for Executive Affairs at the Iran Front Page (IFP) news website.

Recent Posts

Historic all-Women flight lands in Mashhad

For the first time in Iran's aviation history, a flight carrying an all-female crew and…

5 hours ago

Tehran Cyber Police shut down 40 Instagram accounts of harassers

Tehran’s Cyber Police Chief, Brigadier General Davood Moazzami Goudarzi, announced a crackdown on individuals causing…

7 hours ago

Qatar warns may stop gas shipments to EU amid Russia-Ukraine war

Doha will stop gas shipments to the EU if member states enforce new legislation on…

7 hours ago

UK armed forces struggling for recruits: Telegraph

At least 15,000 British soldiers left the country's Armed Forces between November 2023 and October…

7 hours ago

Nearly 85k Russian soldiers killed in Ukraine: Report

Journalists have identified the names of 84,761 Russian soldiers who died during the war in…

11 hours ago

US downs own warplane while bombing Yemen: Pentagon

The United States Navy has inadvertently shot down its own F/A-18 fighter jet in a…

11 hours ago