Domestic Gas Consumption at New High

EghtesadOnline: Domestic gas consumption jumped to new highs on Tuesday reaching 693 million cubic meters per day, dispatching director at the National Iranian Gas Company said.

News ID: ۷۴۹۰۰۴

23 November 2019

Mehdi Jamshidi Dana said households used 516 mcm of gas on Tuesday, industries 127 mcm/d and thermal power plants 50 mcm/d, the Oil Ministry news agency Shana reported.

According to the dispatching center data, Tehran households topped the list as is the case when it comes to almost everything that is consumed in the country, namely food, water, electricity, gasoline…

Domestic gas consumption has been rising every year in  the cold seasons when temperatures fall and subscribers turn on their heating devices running mostly on gas, according to Financial Tribune.

Since the beginning of autumn, the mercury has dropped naturally; however, a new cold wave hit last week and was followed by snowfall, which is unprecedented in November in recent decades, Jamshidi Dana said.

The national gas transmission network is secure and supplies to all sectors continue uninterrupted, he was quoted as saying.

Iran holds the world’s second largest gas reserves after Russia. According to BP Statistical Review of World Energy, Iran has 34 trillion cubic meters of natural gas reserves or 18% of the world’s proven reserves.

SP Offshore Sector Near Completion

Domestic gas output has reached 850 million cubic meters a day, a major part of which (610 mcm/d) comes from the South Pars Gas Field in the Persian Gulf.

South Pars is the world’s largest gas field near the joint border between Iran and Qatar, covering an area of 3,700 square kilometers of Iran's territorial waters off the Persian Gulf.

The field is being developed in 24 phases in Iran, many of which are up and running. Since the beginning of this year in March, three offshore decks have been installed and three more will be put in place in the next four months so that by the end of the year (March 2020), the development of the offshore sector of the field (except  Phase 11) will have been completed.

More than $72 billion has been spent on the giant energy venture since work started and investments are forecast to rise to $87 billion.