Iran has launched a new offshore gas pipeline at its South Pars Gas Field, marking a significant step towards increasing production and bolstering energy security.
As reported by MEHR News Agency on Tuesday, Feb. 6, 2023, the €130 million ($140.1 million) project, officially launched by Oil Minister Javad Owji, coincided with the 45th anniversary of the Iranian Revolution.
The new pipeline, located in Phase 16 of the South Pars field, boasts a capacity of 1 billion cubic feet per day (28 million cubic meters) and replaces a previous pipeline prone to accidents. This upgrade aims to ensure safe and stable gas production, contributing to Iran's domestic energy needs.
According to the reports, the pipeline will bring many benefits to Iran such as Increasing production volume, ensuring safe and stable operations, and utilizing domestic manufacturing capabilities.
The South Pars Gas Field, shared with Qatar, is the world's largest gas reservoir and a crucial source of energy for Iran. The inauguration of the new pipeline underscores the country's efforts to modernize its infrastructure and exploit its vast natural gas reserves.
However, the project comes amid ongoing challenges, including international sanctions that have hampered Iran's oil and gas industry, limiting access to foreign investment and technology. Additionally, concerns remain regarding the environmental impact of gas production and the management of associated flaring.
Despite these hurdles, the launch of the new pipeline signifies Iran's commitment to developing its gas sector and securing its energy independence. The project's success could pave the way for further investments and collaborations, potentially boosting Iran's economic prospects.