Tehran Announces Discovery Of Massive New Gas Field – The Cradle
Tehran Announces Discovery Of Massive New Gas Field
The US and Israel have been threatening to hit all of Iran’s power sites, while Tehran vows to collapse the global energy industry if such an attack is launched
Iran said on 23 August that it discovered a new gas field in the country’s waters worth over 200 billion cubic meters, coinciding with US-Israeli threats to attack Iranian energy infrastructure and following the announcement of Washington’s plans for an economic war against Tehran.
“The discovery has added a significant new resource to Iran’s national hydrocarbon reserves following efforts by the oil industry to identify and develop new deposits,” said Iran’s Oil Minister Mohsen Paknejad.
“The field’s recoverable gas reserves are equivalent to enough gas to supply one phase of the South Pars gas field for around 15 years,” he added, referring to the discovered gas as “sweet gas,” which is easily processed and is less corrosive, “reducing development and operating costs.”
Paknejad went on to say that the newly discovered Iranian field held significant volumes of gas condensates.
He said authorities were working quickly and taking “urgent measures” to begin development as soon as possible.
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