Iran is expected to start operating 27 mid-size oil and gas projects between 2021 and 2025, representing 22% of upcoming mid-stage projects in the Middle East, according to GlobalData, a leading data and analytics company.
GlobalData’s latest report, “Middle East Midstream New-Build and Expansion Projects Outlook, 2021-2025,” points out that transmission projects account for 15 (56%) of the 27 projects expected to start operations in Iran, while six are of gas processing projects (22%) and four are underground gas storage projects (15%).
Sudarshini Ennelli, Oil and Gas Analyst at GlobalData, comments: “Despite ongoing international sanctions led by the United States, Iran is announcing massive investment plans across the entire oil and gas value chain, including the middle sector. Investments are focused on building larger transportation and storage to meet growing demand for oil and gas, as well as for exports. “
One of the major upcoming transportation projects is the Iranian gas pipeline – the IGAT XI gas pipeline, operated by the Iranian national gas company.
Ennelli continues: “With a length of 1,200 km, the Iranian gas transmission line project – IGAT XI is an onshore gas pipeline that extends from Bushehr (Iran) to Tehran (Iran), with a maximum diameter of 56 inches. (Iran). The pipeline would run from Asalouyeh in Bushehr province in the south, passing through Ahvaz, Dehgolan, to Bazargan in West Azerbaijan province. It helps the country meet its ever-increasing domestic demand for gas from its electrical, industrial, petrochemical and residential sectors. The project is currently in the construction phase and is expected to start operations in 2025.
South Pars Phase 14 is one of the major gas processing projects, with a planned capacity of 1,765 million cubic feet per day (mmcfd).
Ennelli adds: “The South Pars gas field, also known as the North Dome, is the largest gas field in the world and is shared by Iran and Qatar. Iran is building several gas processing plants to boost output from the giant South Pars gas field, and South Pars Phase 14 is one more step towards that goal. The first phase 14 train at the refinery at Iran’s South Pars complex is nearing completion and will soon be commissioned.
The four underground gas storage projects are Shorijeh II, Nasrabad, Ghezel Tapeh and Yortsha.
Ennelli notes: “Among the underground gas storage projects mentioned above, one of the key projects is Shorijeh II with a gas production capacity of approximately 78 billion cubic feet. It is one of the largest gas storage facilities in Iran as well as the Middle East and additionally helps meet peak gas demand in winter.
The project is currently at the feasibility stage and is expected to start operating in 2025. The current storage capacity of the Shurijeh field of 20 million cubic meters per day will be increased to 40 million cubic meters per day, with storage capacity from 2.25 billion cubic meters to 4.5 billion cubic meters.
Source: global data