Iran Economy News10% of Iran's Gas Lost in Production and Transmission

10% of Iran’s Gas Lost in Production and Transmission

-

The International Energy Agency, states in its annual report that Iran ranks third globally in methane emmissions.

According to the report published on March 13 on the agency’s website, Iran experienced six million tons (approximately 8.5 billion cubic meters) of methane leaks in the past year.

This figure is roughly equivalent to the daily production of gas from one phase of South Pars. (The South Pars/North Dome field is a natural-gas condensate field located in the Persian Gulf. It is by far the world’s largest natural gas field, with ownership of the field shared between Iran and Qatar)

For comparison, this mentioned amount is approximately equal to Turkey’s total gas consumption over the past calendar year.

Methane, or natural gas, is the same gas used as fuel in homes and various sectors of the country or as feedstock in petrochemicals.

The International Energy Agency’s statistics indicate that Iran’s methane leaks in the past calendar year grew by about 12% compared to 2022.

World Bank statistics also show that Iran annually burns more than 18 billion cubic meters of gas produced from oil fields (associated gas) due to the absence of gas collection facilities in the production stage, leading to wasteful flaring.

Iran ranks second globally in terms of gas flaring after Russia.

Thus, the total gas leakage and flaring in Iran annually reaches 26 billion cubic meters (71 million cubic meters per day), which is equivalent to three phases of South Pars or 10% of Iran’s gas production.

Such a massive loss of gas is more than half of Turkey’s total gas consumption in 2023

This enormous waste of gas comes at a time when Iran has faced severe gas shortages in recent years during the fall and winter, with the country experiencing a daily gas deficit of around 300 million cubic meters on cold winter days this year.

It is worth noting that Iran possesses the world’s second-largest natural gas reserves.

The International Energy Agency states that approximately 120 million tons of methane emissions from fossil fuels occurred globally last calendar year.

This amount is equal to the total gas production of Qatar in the past calendar year and is a significantly alarming figure.

Methane is one of the most dangerous greenhouse gasses, exacerbating global warming and climate change when released directly without being burned and converted into carbon dioxide.

The direct emission of this gas has 28 times the impact on global warming compared to carbon dioxide, and its persistence is also several times that of carbon dioxide.

In terms of greenhouse gas emissions globally, Iran ranks sixth.

Latest news

Iran’s Regime Executes Ghaem Hosseini, Fifth Execution in Alikhani Square Case

Ghaem Hosseini, who was arrested during the nationwide January protests and was one of those sentenced in the so-called...

Iranian Patients Face Soaring Medication Costs as Drug Prices Soar by 300%

While the Iranian regime's Food and Drug Administration claims that the recent currency policy changes do not mean the...

Iran’s Livelihood Crisis and the Regime’s Deadlock in Covering Costs

The August 18 editions of the Tosee Irani and Ham-Mihan newspapers carried the headline: "The monthly livelihood basket has...

Fresh Wave of Disciplinary Actions at Sharif University: 10 Students Face Expulsion

Sharif University of Technology has once again become the focus of disciplinary actions and student expulsions. According to the...

Economic Crisis: The Real Face of a Regime That Portrays Itself as Powerful

Following increased economic pressure on the Iranian regime and a naval blockade, its leaders fear that US President Donald...

Tensions Rise Between France and Iran’s Regime

In response to the Iranian regime's decision to declare two former employees of the French Embassy in Tehran "persona...

Must read

Tension with Iran adding $20-30 to oil prices: Obama

AFP: Tension with Iran and "uncertainty" in the region...

AP Photo shows Iran’s new President as 1979 US hostage-taker

Iran Focus: London, Jun. 29 - Iran Focus has...

You might also likeRELATED
Recommended to you