A member of the Iranian parliament's Energy Committee admits that the Israeli strike on the South Pars field reduced Iran's gas production capacity by about 200 million cubic meters per day.
To understand the significance: previously, 711 million cubic meters per day were produced at South Pars. In other words, this is about a 28% reduction in output from Iran's most important gas field. And this is not just any field: South Pars is responsible for 70% to 75% of the country's gas production.
The financial loss is also substantial, as according to estimates presented in Iran, each cubic meter of gas is worth about 30 to 40 cents. This means a potential loss of 60 to 80 million dollars per day, or 1.8 to 2.4 billion dollars per month, as long as the damage remains.
But the real story is bigger than the gas itself. The gas from South Pars feeds power plants, industry, and petrochemicals. In a country where about 85% of electricity is generated from gas, this is not just a hit to revenue but a direct threat to production, electricity supply, and one of Iran's main foreign currency sources. The petrochemical industry alone recently reported sales of 29.1 billion dollars.
