Iran inaugurated five new phases of the South Pars field this week and claims output now stands above 20bn cfd. But with exports declining, where is it all going?

Iran has been successfully ramping up output from the South Pars gas field since the beginning of 2016. President Hassan Rohani said output from the field now stands at 575mn m³/d (20.3bn cfd), up 37% on January 2016 when it stood at 14.8bn cfd (MEES, 15 January 2016). Overall, Mr Rohani put total current gas output at 885mn...