Development of South Pars Phases Postponed

Development of phases 15 to 18 of Iran's South Pars gas field has been postponed for a year, Iranian officials said Monday.

The fields were expected to be operational by March next year.

The South Pars gas field is shared by Iran and Qatar. The Iranian share, which is divided into 29 phases, has about 14 trillion cubic meters of gas, or about eight percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.