Iran will become self-sufficient in gas production within the next 4 months once phases 15 and 16 of the South Pars gas field become operational.
Ebadollah Abdollahi, the commander of Iran's Khatamol Anbiya Construction Headquarters (belongs to the Islamic Revolutionary Guard Corps), which is tasked with implementing the project, said the phases will come on stream by the next four months, making the country independent of importing gas.
With a total production capacity of 52 million cubic meters per day, the two phases will make the country totally self-sufficient in gas production, Shana news agency quoted Abdollahi as saying on December 25.
The inauguration of phases 15 and 16 had scheduled to be on December 20, but has been postponed.
According to Iran's official statistics, the country imported about 7.5 billion cubic meters (bcm) of Turkmen gas during last fiscal year, ended on March 21st. The annual report of BP, released on June 11th also indicates that Turkmenistan exported 6.5 bcm of gas to Iran in 2014.
In July 2006, the National Iranian Oil Company signed a deal with two domestic contractors, namely Khatamol Anbiya and Iranian Offshore Engineering and Construction Company for developing the onshore and offshore sections of the project, respectively.
The development of phases 15 and 16 aims to producing around 50 million cubic meters of sweet gas to be supplied to residential, commercial, and industrial units, as well as producing 80,000 barrels of gas condensates to be supplied to refineries, and 400 tons of sulfur to be exported to international markets.
Moreover, 1.05 tons of LPG (propane and butane) and one million ton of ethane are projected to be produced.
South Pars, divided into 29 development phases, contains 40 trillion cubic metres (tcm) of natural gas. It covers an area of 9,700 square kilometres, of which 3,700 square kilometres are in Iran's territorial waters in the Persian Gulf. The remaining 6,000 square kilometres are situated in Qatar's territorial waters. The gas field is estimated to contain about 8% of the world's reserves, and approximately 18 billion barrels of condensate.
Currently Iran produces about 700 mcm per day of enriched gas and plans to increase raw gas production to 1,100 mcm per day by late 2018.
|February, 16, 23:45:00|
|February, 16, 23:40:00|
|February, 16, 23:35:00|
|February, 16, 23:30:00|
|February, 16, 23:25:00|
|February, 16, 23:20:00|
AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.
TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.
ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.
FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.