ID :
177679
Mon, 04/25/2011 - 08:45
Auther :
Shortlink :
https://www.oananews.org//node/177679
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South Pars Gas Field Exports 90mln Barrels of LNG in 1 Year
TEHRAN, April 25 (FNA)- Iran's South Pars oil and gas field exported 90mln barrels of liquefied natural gas (LNG) in the last Iranian year (March 21, 2010 to March 20, 2011), an Iranian official announced on Sunday.
"The Assalouyeh oil terminal in the South Pars exported 89.1mln barrels of LNG, which shows a considerable growth and leap," Head of South Pars Oil Terminals Gholam Abbas Heidari told reporters.
Stressing the importance of the giant South Pars oil and gas field in the region, Heidari reiterated, "South Pars is one of the most important oil and gas fields in the Middle-East and we have witnessed its all-out growth during the last two years."
Downplaying the effects of the unilateral and international sanctions imposed against Iran's oil and gas sectors, he said that despite such embargoes, the South Pars gas field is now exporting LNG supplies to Japan, Singapore, China, the UAE and other Asian countries as well as the European countries, like Britain and the Netherlands.
Iran has announced plans to produce 70mln tons of liquefied natural gas by 2015 to become a major supplier to the world markets.
A consortium of Indian companies plans to spend around $5 billion to develop an offshore gas field in Iran and ship the LNG to India in the coming three to four years.
ONGC Videsh Ltd (OVL) and its partners Indian Oil Corp and Oil India Ltd have proposed the investment in order to bring into production the Farzad gas field they have discovered in the Persian Gulf.
"OVL has submitted a development plan to the Iranian authorities. The investment proposed is around $5 billion," the Times of India earlier quoted an unnamed source as saying.
Iran had in September 2008 approved the commerciality of the discovery in the Farsi block. The discovery, which was subsequently named Farzad gas field, may hold in-place reserves of up to 21.68 trillion cubic feet (Tcf), of which recoverable reserves may be 12.8 Tcf.
"The Assalouyeh oil terminal in the South Pars exported 89.1mln barrels of LNG, which shows a considerable growth and leap," Head of South Pars Oil Terminals Gholam Abbas Heidari told reporters.
Stressing the importance of the giant South Pars oil and gas field in the region, Heidari reiterated, "South Pars is one of the most important oil and gas fields in the Middle-East and we have witnessed its all-out growth during the last two years."
Downplaying the effects of the unilateral and international sanctions imposed against Iran's oil and gas sectors, he said that despite such embargoes, the South Pars gas field is now exporting LNG supplies to Japan, Singapore, China, the UAE and other Asian countries as well as the European countries, like Britain and the Netherlands.
Iran has announced plans to produce 70mln tons of liquefied natural gas by 2015 to become a major supplier to the world markets.
A consortium of Indian companies plans to spend around $5 billion to develop an offshore gas field in Iran and ship the LNG to India in the coming three to four years.
ONGC Videsh Ltd (OVL) and its partners Indian Oil Corp and Oil India Ltd have proposed the investment in order to bring into production the Farzad gas field they have discovered in the Persian Gulf.
"OVL has submitted a development plan to the Iranian authorities. The investment proposed is around $5 billion," the Times of India earlier quoted an unnamed source as saying.
Iran had in September 2008 approved the commerciality of the discovery in the Farsi block. The discovery, which was subsequently named Farzad gas field, may hold in-place reserves of up to 21.68 trillion cubic feet (Tcf), of which recoverable reserves may be 12.8 Tcf.
