Natural gas production at phases 17 and 18 of South Pars Gas Field in the Persian Gulf will rise by 40 million cubic meters a day to help minimize Iran's gas demand in the cold season, managing director of Pars Oil and Gas Company said on Thursday.
Ali Akbar Shabanpour added that South Pars' total gas output is slated to reach 820 million cubic meters, Shana reported.
He was speaking on the sidelines of a visit by the Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh to the facilities of phases 17 and 18 at Pars Special Economic Energy Zone.
The two phases are slated to produce 50 mcm of natural gas and 80,000 barrels of gas condensates per day, as well as 1 million tons of ethane, more than one million tons of liquefied natural gas and 400 tons of sulfur per annum.
"South Pars, Iran's biggest gas field, is being developed in 27 phases, with each phase expected to operate for 25-50 years," Shabanpour said.
He added that each SP phase generates around $3.5 billion a year on average. More than $40 billion so far have been invested in South Pars development.
South Pars is the world's largest gas field, shared between Iran and Qatar, covering an area of 3,700 square kilometers of Iran's territorial waters in the Persian Gulf. It adjoins Qatar’s North Field, which measures 6,000 square kilometers.
