Mehdi Yousefi said since Rouhani took office in 2013, the country has raised its gas output by nearly 100mcm every year as the country is boosting natural gas recovery from the supergiant South Pars gas field which is shares with Qatar in Persian Gulf Waters.
He said Iran currently produces 0.5bcm of gas from the gas field from 0.3bcm in 2013, Shana reported.
Yousefi added that PSEEZ accounts for nearly 40% of Iran’s non-oil exports while sanctions have been in place.
He further said that phases 15 and 16 of the gas field are about to be officially inaugurated and phases 17 and 18 of South Pars has gained 80% progress.
Iran will earn 20 million dollars a day once phases 15 and 16 of the supergiant South Pars gas field.
The phase developments are the most Iranian phases of the gas field and will be presently inaugurated.
The phases have for far produced over 15.5 bcm of natural gas, 14 million barrels of gas condensate, 3,000 tons of sulfur and over 5,000 tons of ethane.
The gas produced from the phases has also fetched Iran more than $4.5b in revenues.
The phases are complete and the date for their official inauguration is yet to be announced.
Phases 15&16 of South Pars are under development for the production of 56.6 mcm/d of natural gas, 75,000 b/d of gas condensate, 400 tons a day of sulfur, 1.05 million tons a year of liquefied petroleum gas and one million tons a year of ethane.
South Pars, which is jointly operated by Iran and Qatar, supplies 72% of Iran’s daily gas needs.