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Future Decline in SP Gas Output Cause for Concern

South Pars accounts for 80% of Iran’s gas need and decline in output will create insurmountable problems for households, industries and thermal power stations
Future Decline in SP Gas Output Cause for Concern
Future Decline in SP Gas Output Cause for Concern

Pressure reduction in South Pars Gas Field off-shore wells is expected to start from 2025 and gas production will be as low as 400 million cubic meters in 2032, down 100% compared to present levels.
Output from the giant field off the Persian Gulf is now 800 mcm/d and will reach 1.2 billion cubic meters per day by 2024 and then a downward trend would begin, Pars Oil and Gas Company said, Mehr News Agency reported.
As of 2025, production is expected to fall by 28 mcm/d that is 10 bcm per year. Estimates suggest output will be around 400 mcm/d in 2032, when consumption will exceed 1.5 bcm/d.
"Installing offshore compressor stations in the field is the only long-term viable option to control pressure reduction," POGC chief Mohammad Meshkinfam said.

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