![\"iran](\"https:\/\/www.ncr-iran.org\/en\/wp-content\/uploads\/2023\/10\/iran-qatar-south-pars-gas-field.jpg\" "\\"iran")
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On October 3, Sheikh Tamim bin Hamad Al Khalifa, the Emir of Qatar, marked<\/a> the beginning of the gas extraction expansion project in the South Pars field, a vast natural gas resource shared between Iran and Qatar.<\/p>\n This field, known as the South Pars shared field in Iran and North Dome in Qatar, was discovered in 1971 and remains the world’s largest known gas field. The gas reserves of this field account for 19% of the world’s total known gas reserves. The combined gas production of Iran and Qatar from this field accounts for over 9% of the world’s gas production.<\/p>\n In 2022, Qatar generated over $42 billion in revenue from South Pars. However, Iran, due to the detrimental policies of its ruling establishment, has struggled to exploit even a fifth of this gas field. As per a Bloomberg report, Qatar Energy, the world’s largest liquefied gas producer, is investing $29 billion to enhance the annual LNG production capacity from 77 million tons to 126 million tons by extracting more from South Pars by 2027.<\/p>\n The initial gas reserves of this field amount to 51 trillion cubic meters, with 14 trillion in Iranian waters and 37 trillion cubic meters in Qatari waters. About 70% of these reserves can be extracted due to pressure, which is three times the total gas reserves of the United States, currently the world’s largest gas producer. Additionally, this field holds 50 billion barrels of gas condensates (ultra-light oil).<\/p>\n Qatar began gas<\/a> production from this shared field ten years before Iran did. Qatar has extracted over 2.8 trillion cubic meters of commercial gas, which is pure methane. On the other hand, the regime in Iran claims to have extracted 2 trillion cubic meters of raw gas from the South Pars field. However, due to the regime’s unreliable statements, it remains unclear how much of this gas is pure methane and how much is actually water and other heavy gases.<\/p>\n Can #Iran<\/a>\u2019s Regime Solve Its #Gas<\/a> Crisis?https:\/\/t.co\/SFWBhQ9Ury<\/a><\/p>\n — NCRI-FAC (@iran_policy) October 17, 2023<\/a><\/p><\/blockquote>\n\n