EghtesadOnline: The French Entrepose Group signed a memorandum of understanding with Industrial Projects Management of Iran Company and the Industrial Development and Renovation Organization of Iran on Wednesday on collecting and reusing natural gas that is being burned off in South Pars Gas Field in the Persian Gulf.
The French firm, which is a leading international player in the oil, gas and energy sectors, will work with Iranian partners to recycle associated petroleum gas flared at South Pars phases17, 18 and 14, IDRO News reported. The recycled gas can be processed and injected into Iran Gas Trunkline to be used in urban areas or be delivered to heavy industries as feedstock. Iran has struggled for years to curb the burning of huge amounts of associated petroleum gas. The United States has the largest number of flares, but Russia leads the world in the total volume of flared natural gas, the report said, placing Iran among the top three gas-flaring countries after Russia and Iraq, according to Financial Tribune.