South Pars Gas Output to Rise by 100mcm/d

Gas output of the Iran's South Pars field will increase by 100 million cubic meters per day by the end of the year current Iranian year (ends March 20, 2014), Deputy Managing-Director of the South Pars Special Energy Zone Abbas Dolatizadeh said earlier this week.

The official pointed that more than 280 million cubic meters of gas from different phases of the South Pars is being presently exploited and this zone supplies 44 percent of Iran’s need to gas, Fars News reported.

South Pars gas field is a natural gas condensate field located in the Persian Gulf. It is the world's largest gas field, shared between Iran and Qatar.

According to the International Energy Agency (IEA), the field holds an estimated 1,800 trillion cubic feet (51 trillion cubic meters) of in-situ natural gas and some 50 billion barrels (7.9 billion cubic meters) of natural gas condensate.

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