Iranian South Pars Gas Condensate Exports Rise by 149%

Iranian South Pars Gas Condensate Exports Rise by 149%

Exports of gas condensate from Iran’s South Pars gas field rose by 149% in May 2018, Mehr News reported.

The field also exported roughly 1.6 million tons of non-oil products worth $754 million.

The news comes as fears grow that the US withdrawal from the Iran nuclear deal and its decision to reimpose sanctions will negatively affect Iran’s energy sector, which is heavily reliant on exports.

“Despite the US withdrawal from the Iran nuclear deal in May, accompanied by pressure and threats to prevent its sale of Iranian oil and gas condensate, studies have suggested no change,” Director General of the Pars Special Economic Energy Zone Customs Department Ahmad Pourheidar said.

The South Pars gas field is jointly owned by Iran and Qatar, and is the largest natural gas field in the world with an estimated 1,800 trillion cubic feet of natural gas and some 50 billion barrels of natural gas condensates.

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