News ID: 263010
Published: 0611 GMT December 15, 2019

Iran’s natural gas processing capacity hits 328.5 bcm: Official

Iran’s natural gas processing capacity hits 328.5 bcm: Official

A senior Iranian oil Ministry official says total capacity for processing natural gas has reached 900 million cubic meters a day, or 328.5 billion cubic meters (bcm) a year.

Masoud Zardouyan said on Sunday that gas refineries in Iran had undergone major renovation and restructuring programs until September this year allowing them to be ready for processing enough natural gas needed across the country in the cold months of the winter, Presstv Reported.

“The promise to increase gas processing capacity to 900 million cubic meters per day has been realized,” said Zardouyan, who serves as coordinating and supervising manager at the National Iranian Gas Company.

The official said bulk of the natural gas that reaches refineries in Iran is processed for household consumption purposes and the rest goes to the production of refined products, including the liquefied natural gas (LNG) which has a high demand outside of Iran and in neighboring countries.

The announcement on increased natural gas processing capacity in Iran comes amid massive government plans to increase gas output to levels near 1 bcm per day.

Trailing Russia, Iran sits on the second largest gas reserves in the world while it is ranked third internationally in terms of production.

That has come mainly thanks to development plans at South Pars, the world’s largest gas field which is shared with neighboring Qatar in the Persian Gulf.

The expansion of the South Pars has continued over the past year despite a raft of US sanctions imposed on Iran’s oil and gas industry.

Those sanctions even forced the French energy giant Total to withdraw from a major agreement to develop the gas field last year.

 
 
   
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