Nearly Half of South Pars Phase 22-24 Developed

About 40% Iran’s South Pars gas field phases 22-24 has been developed, media reports said Tuesday.

The onshore section of the project has so far progressed by 48 percent.

Iran sits on the world's second largest natural gas reserves after Russia and is trying to grow its gas production by increasing foreign and domestic investments, especially in its South Pars gas field.

The 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.