40% Rise in LPG Output

40% Rise in LPG Output40% Rise in LPG Output

Iran’s production of liquefied petroleum gas in the past 10 months increased by 40% compared with the corresponding period of the last Iranian year, deputy director of National Iranian Gas Company said.

“Domestic gas refineries produced 2.28 million tons of LPG in the 10-month period,” Abdolhossein Samari was quoted as saying by IRNA.

As the new phases of South Pars Gas Field go on stream, the country’s gas output has experienced a significant rise. Phase 12, which boasts the field’s largest phase, as well as phases 15 and 16, have also become operational recently.

Moreover, officials proclaim that some sections of phases 17, 18, 19, 20 and 21 will be exploited in the next two months.

Samari noted that the volume of processed gas, which is then injected into the national grid, reached 145 billion cubic meters in the same period, indicating a 6% increase compared with the similar period of last year. The volume for last year’s 10-month span was 136.2 billion cubic meters.

The new phases of South Pars have also contributed to an increase in ethane, sulfur and gas condensate output.  

“Iran’s ethane production increased by 7%, from last year’s 1.228 million tons to 1.317 million tons in the 10 months of this year,” he said.

Samari also said that during the period, the country produced 871,000 tons of sulfur and 25 million cubic meters of gas condensates.

Ali Akbar Shabanpour, managing director of Pars Oil and Gas Company, said on Wednesday 83 billion cubic meters of gas were extracted from the South Pars by November and it is predicted to rise to 130 bcm by the end of the current Iranian year (March 19, 2016).

“Last year, the field added 100 million cubic meters of gas to the national grid each day, while another 56 mcm/d of gas are expected to be added by the end of the year,” he added.

South Pars is the world’s largest gas field shared by Iran and Qatar, covering an area of 3,700 square kilometers of Iran’s territorial waters in the Persian Gulf. It holds an estimated 40 trillion cubic meters of natural gas, or roughly 8% of the world’s reserves and approximately 18 billion barrels of condensates. It adjoins Qatar’s North Field that measures 6,000 square kilometers.

South Pars output accounts for more than 50% of Iran's total gas production capacity, but it is expected to rise to 75% next year.