Speaking at the unveiling ceremony of the first green flare of the first South Pars refinery complex, Managing Director of South Pars Gas Complex (SPGC) Masoud Hassani said international companies like Italy’s Eni and France’s Total had estimated that the five South Pars refineries will yield 17.1 million cubic meters of flare gas while the figure has now decreased to 6.71 million cubic meters.
The official went on to enumerate operational measures taken to reduce flare gas including installation of flash gas and gas revival compressors in new refineries as well as the zero flaring project in five South Pars refineries.
Last year, the output volume in South Pars was 5.8 billion dollars more than the earlier year, noted Hassani stressing that SPGC enjoys 63% of the share in the country’s refinery output.
On the latest status of South Pars after development of Phase 24 which supplies feedstock to 29 refineries, the official said 825 million cubic meters of gas are being recovered 725 million cubic meters of which are sweetened. The expansion required 90 billion dollars of investment while over 99 billion dollars have returned only in one year indicating an excess of nine billion dollars in Return on Investment (ROI).
SPGC managing director reiterated that flare gas volume has decreased by 48.5 per cent dropping from 139 to 33 million dollars in the past year while the figure is estimated to zero in the next four years.
Associated gas, also known as flare gas or associated petroleum gas, which is a form of natural gas that is commonly found associated with deposits of petroleum.
Whether in industrial plants or at oil and gas production sites, flaring constitutes a hazard to human health and also significantly contributes to the worldwide anthropogenic emissions of carbon dioxide.
Associated gas could benefit the country, but most of it is flared, causing massive losses for the nation.
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