BAKU, Azerbaijan, December 9. Iran’s South Pars Gas Company (SPGC) plans to finish a project to prevent gas flaring by the end of the 5th month of next year (August 21, 2024), the Executive Director of the company Ahmad Bahush said, Trend reports.
The director noted that during the project, which involves 10 gas refineries, 23 percent of the planned operations have been completed already.
Bahush also said that the project will help reduce the amount of gas that is burned every year, by 1 billion cubic meters. He estimated that this allow Iran to save $250-$300 million annually.
The official added that more steps will be taken in the future to prevent flare gas burning in other refineries.
The South Pars Gas Company (SPGC) of Iran processes high-quality gas extracted from the South Pars gas field. This corporation provides more than 75 percent of the gas consumed in the country. The company has 12 gas refineries.
The SPGC receives 650 million cubic meters of rich gas daily from the South Pars gas field. Of that, 580 million cubic meters are processed and delivered to the country's gas network. The company also produces 780,000 barrels of gas condensate, 15,000 tons of ethane, 15,000 tons of propane, 10,000 tons of butane, and 2,500 tons of sulfur daily.
The South Pars gas field (called North Dome in Qatar) is a joint gas field between 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's share in the field is 14 trillion cubic meters of gas and 18 billion barrels of gas condensate.
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