BAKU, Azerbaijan, September 1
By Elnur Baghishov – Trend:
The extraction from the Iran-Qatar joint South Pars gas field (called North Dome in Qatar) has been increasing in recent years, CEO of South Pars Gas Company (SPGC), Hadi Hashemzadeh Farhang, told Shana news agency, Trend reports.
The CEO emphasized that Iran's extraction from this gas field amounted to 131.5 billion cubic meters per year five years ago (from March 21, 2015 to March 20, 2016).
Hashemzadeh Farhang added that the extraction from the South Pars gas field increased by 23.7 billion cubic meters per year to 155.2 billion cubic meters four years ago (from March 20, 2016 to March 21, 2017).
“The extraction from the South Pars gas field was about 152 billion cubic meters per year three years ago (from March 21, 2017 to March 21, 2018),” he said.
Iran's extraction from the South Pars gas field in the preceding Iranian year (from March 21, 2018 to March 21, 2019) amounted to 178.9 billion cubic meters per year. This is an increase of about 17.6 percent compared to the same period previous Iranian year (from March 21, 2017 to March 21, 2018).
The South Pars gas field is a joint gas field of Iran and Qatar. The proven reserves of the South Pars Gas Field are estimated at 51 trillion cubic meters of gas, of which 36 trillion are extractable. Iran has so far spent $33 billion on projects of the South Pars gas field. Around 75 percent of Iran's gas is supplied by this field.
Iran extracted 570 million cubic meters of gas per day from this field in the last Iranian year (from March 21, 2019 to March 20, 2020). It is planned to extract 630 million cubic meters of gas per day from this field in the current Iranian year (from March 20, 2020 to March 21, 2021).