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Iran`s natural gas production from the supergiant South Pars Gas Field has risen 20% in the first 9 months of the current calendar year (started March 20) from a year ago. said Masoud Hassani. Managing Director of South Pars Gas Complex.
He said SPGC revenues have increased by 5.6 billion dollars from the offshore fields during the 9 months from the same period last year.
SPGC supplies 63.7% of Iran`s total gas output. Once fully productive. the field will be supplying over 80% of Iran`s gas output by 2018. Hassani added.
SPGC is planning to supply 850 million cubic meters of natural gas. 720 mcm of sweet gas. 4 mcm of sour gas and 2.500 tons of sulfur by mid-2018.
Iran expects to increase gas production from South Pars to 540 mcm/d by the end of the calendar year. Iran shares South Pars with Qatar in Persian Gulf waters.
