Iran’s H1 gas condensate exports up 25% y/y

October 2, 2016

TEHRAN – Half-yearly gas condensate exports from Iran’s South Pars gas field rose by 25 percent compared to the same period last year, Shana quoted a gas official as saying on Saturday.

According to Masoud Hassani, the managing director of South Pars Gas Complex (SPGC), during the first six months of the current Iranian calendar year (March 20-September 21) the company has exported 76 million barrels of gas condensate to the world markets.

The official noted that during the mentioned period, SPGC has sent 1.35 million tons of liquefied petroleum gas (LPG) to other countries as well.

According to Iran’s custom administration, during the first six months of the current Iranian calendar year gas condensate was reported to be the main non-oil export product with a total value of $3.496 billion.

South Pars field, which Iran shares with Qatar in the Persian Gulf, is estimated to contain a significant amount of natural gas and condensate, accounting for about eight percent of the world’s reserves.   

The huge offshore field covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran’s territorial waters in the Persian Gulf. The remaining 6,000 square kilometers are situated in Qatar’s territorial waters.

EF/MA/MG

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