Iran Prepares To Boost Gas Exports

Iran raised gas output by more than 3bn cfd last year, but exports to key buyer Turkey are down. Everything is set for exports to Iraq – apart from the payments.

Iran last year hiked output from its flagship South Pars giant gas field, with the additional volumes being consumed domestically. Output was 14.8bn cfd in January 2016 ( MEES, 15 January 2016 ), but officials say it has since risen 3.4bn cfd to 18.2bn cfd.

With work ongoing at a number of phases at the field, including 20&21, and 17&18, Pars Oil & Gas Company (POGC) chief Mohammad Meshkinfam is confident that output will hit 19.4bn cfd by 20 March when the current Iranian year ends. Once all 24 phases are complete, South Pars capacity is planned to reach 28bn cfd.

Iran’s oil ministry says the country produced 197bcm (19bn cfd) of gas in 2015, of which South Pars supplied 11.52bn cfd. As the majority of subsequent gains have been at the South Pars, this implies that current total gas production is around 25.7bn cfd. (CONTINUED - 826 WORDS)


chart 1: Iran Gas Balance (Bcm)
chart 2: Turkey’s Iranian Gas Imports To Fall To Six-Year Low (Bcm)