South Pars looks to the long term
With the 38 phases associated with Iran’s South Pars gas field nearing completion, focus has shifted to maintaining production stability amid pressure concerns
Total cumulative output from Iran’s supergiant South Pars gas field—the second and third phases of which came into production in 2002—is now around the 2tn m³ mark and has increased rapidly in recent years. Earlier this year, President Hassan Rouhani said production from the 23 upstream projects already in operation had reached 750mn m³/d, up from 280mn m³/d in 2013. With state oil firm NIOC aiming to reach 1bn m³/d as quickly as possible, a drilling campaign is ongoing at the offshore Phase 11 (SP11). Total and China’s CNPC signed a contract for SP11 in 2017, before pulling out after the US withdrew from the Iranian nuclear deal a year later. 9tn m³ – Remaining South Pars recover
Also in this section
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”






