Iran cannot make any meaningful progress on its flagship gas project, South Pars Phase 11 as its main partner in the project, Russia, is reeling from international sanctions
Iran cannot make any meaningful progress on its flagship gas project, South Pars Phase 11.
Because of international sanctions on its industries, Russia may not be able to honour its promises to help Iran develop key gas fields.Things were not meant to go like this as far as Russia and Iran, and indeed China, were concerned, following the invasion of Ukraine on 24 February 2022. Within a week of that date, President Vladimir Putin’s vision ran, Russia would have secured control over its neighbour.
To recap at this point on why the South Pars gas field is so important in the world of gas and why the Phase 11 project is such an important part of that - it should be remembered that South Pars is one part of the two parts that comprise the 9,700-square kilometre gas basin that forms the world’s largest gas field by a very long way. This entire gas reservoir holds an estimated 51 trillion cubic metres of non-associated natural gas and at least 50 billion barrels of natural gas condensates.
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