Platts: Iran says gas output to exceed Qatari production by 2016:
Iran plans to increase gas production from the giant offshore South Pars field to 800 million cubic meters a day by 2016, higher than Qatar's output of 550 million-560 million cu m/d from the shared field, despite slow progress in Iran's development program, the official IRNA news agency reported Sunday.
"Before the end of the fifth five-year development plan [in March 2016], gas production from the South Pars gas field will reach 800 million cubic meters a day and this is higher than Qatar's production from this shared field," Mousa Souri, managing director of the Pars Oil and Gas Company, was quoted as saying.
Although Iran has the second biggest natural gas reserves after Russia it has lagged far behind Qatar in developing the shared gas field that is known as the North Field on the Qatari side.