Gas

Drilling of the first appraisal well in Ghezel Tappeh Reservoir. Golestan. had started to develop the Middle East’s largest gas storage facility.

The consuming gas domestically it would be worth 20 cents but by exporting it the country could make 50 cents which would be highly beneficial for the economy.

According to the Pars Oil and Gas Company (POGC). Mohammadi Mahdi Tavasollipour said the remaining two platforms of the phase would become operational in December.

The government has no plan for increasing the price of diesel in the country at least by the end of the current local calendar year on March 20.

Qatar'.s plan for a 64 per cent increase in LNG capacity is likely to intensify a global glut in the fuel.

The facility was formerly mothballed in 2021 when the plant became uneconomic to run.

Recently. POGC installed two platforms in the gas field which belong to the Phase 22-24 project.

Iran is currently producing 630 mcm d of gas from the joint offshore field.

The Nord Stream 2 gas pipeline operator sought permission for the construction of the pipeline from Denmark since April 2017.

The operator of phase 13 of the supergiant South Pars gas field said the remaining two platforms of the offshore project would be installed by the end of the current year.