Bloomberg is reporting that Iran has boosted output by inaugurating six projects at the giant South Pars offshore field.
The country raised total production capacity at South Pars to 570 million m3 a day of gas. Iran invested US20 billion to complete the six projects.
Iran is on track to out-produce Qatar. Iranian officials want to gain market share for gas shipments and attract foreign investment.
Iranians will not have much gas to export because they are likely to use most of the new production themselves. Half of Iran’s gas goes to warming homes, with the rest used mostly to generate power and for industrial use.
Iran’s construction of LNG plants stalled for years due to international sanctions, which were eased in January 2016. Such facilities are not a priority given an impending worldwide glut of liquefied gas. The country is also considering pipelines to Oman, Pakistan and other countries.
Read the article online at: https://www.lngindustry.com/liquefaction/18042017/iran-boosts-gas-output-capacity/