Iran's energy sector review

Iran’s fiscal year would end on March 20, and the latest statistics indicate that the country has increased its gas output capacity by about 70 mcm/d during the current fiscal year. The country’s gas output growth came from the South Pars gas field, joint with Qatar. Iran’s side contains about 14 trillion cubic meters of gas and 18 billion barrels of gas condensate. Before Hassan Rouhani’s administration (mid-2013), Iran’s total gross gas output (including re-injection and flaring) was about 600 mcm/d, of which South Pars’ share was 40 percent. Before mid-2013, only ten phases of the field had been commenced with 240 mcm/d of gross gas output. Currently, the volume stands at about 469 mcm/d. During Rouhani’s administration about 8 new phases of South Pars became full of half operational and the output of phases 1-10 increased. South Pars Current output (mcm/d) Final capacity (mcm/d) Phases 1-10 270 270 ...

With the current pace of Iran’s energy consumption growth, the country may become a net energy importer by 2025, Farzad Kiyasat, a member of Iran’s Energy Conservation Society, said Mar. 13. He added that Iran, with a population of 80 million, consumes energy like a country with an 800-million population, and each 4 years Iran’s energy usage doubles, Fars reported. According to him, the energy intensity index of Iran is very high. Currently, Iran daily produces 4.2 million barrels (mb/d) of oil and gas condensate, while the figure is expected to reach 5.4 mb/d by 2020. Iran’s gross gas production stands at about 280 billion cubic meters per year (bcm/y), which is expected to be around 450 bcm/y in five years. However, the official statistics of last decades indicate that the country’s energy consumption increased significantly, very faster than population and GDP growth. Iran’s primary energy consumption. Source: Oil Ministry’s statistics The statistics indicate that the...