Iran Boosts Gas Output at South Pars Phases 4 and 5

Iran has increased production at phases 4 and 5 of the South Pars gas field by 35 million cubic feet (about 1 million cubic meters) per day, Tehran Times reported citing IRNA news agency.

Also, six phases of South Pars gas field have been developed by 62 percent in less than 35 months and four others by 50 percent, while building refineries for some of the phases has progressed more than 75 percent, Tehran Times said.

Iran is currently producing 300 million cubic meters per day of gas from the South Pars, the newspaper said.

The Iranian gas field, which is divided into 29 phases, contains 14 trillion cubic meters of natural gas, about eight percent of the world's reserves, and more than 18 billion barrels of LNG resources.