BAKU, Azerbaijan, January 9. Iran’s South Pars Gas Company (SPGC) is expected to earn 350 million euros a year from selling flared gas once it finishes its short-term projects by the next Iranian year (March 20, 2024 through March 21, 2025), the Executive Director of the company Ahmad Bahush said, Trend reports.
The director noted that the SPGC is now working on collecting flared gas through short-term projects. The company expects to sell about 2 million cubic meters of flared gas per day as of March 21, 2025.
Bahush also stated that the company burned 8.72 million cubic meters of flared gas every day in its 12 gas refineries in the previous Iranian year (March 21, 2022 through March 20, 2023).
He added that by the end of the next summer season (September 21, 2024), the company will reduce the amount of flared gas it burns to 5.29 million cubic meters per day, which is a 39.3 percent decrease in flared gas.
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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