Iran considers closing Strait of Hormuz
author: Ann
2025-06-17
Energy market warning!
South Pars, which was attacked this time, is the world's largest natural gas field, shared by Iran and neighboring Qatar. It is called the North Field in Qatar. It is reported that the natural gas produced by Iran is mainly for domestic use and is not widely exported. The South Pars gas field provides about two-thirds of the country's natural gas supply.
According to reports, the 14th phase of the South Pars facility was attacked and caught fire. Although firefighters prevented the fire from spreading to other units in time, it still caused production interruption on one of the offshore platforms, which produces 12 million cubic meters of natural gas per day.
On the same day, the Fajr Jha energy facility was also attacked and caught fire. The plant is one of Iran's largest natural gas processing plants and is also responsible for processing fuel from South Pars and the Nar and Cangan fields. The cause of the fire is still unclear. Some media reported that it may be caused by a drone attack.
According to Israeli media, this is the first time Israel has attacked Iran's energy infrastructure, and it is the first time that an Iranian refinery has been attacked since the Iran-Iraq War in the 1980s.
Jorge Leon, an analyst at Rystad Energy A/S, an energy consulting firm who formerly worked at the OPEC Secretariat, also pointed out that "this may be the most important attack on oil and gas infrastructure since Abqaiq (Saudi oil facility). "The Abqaiq refinery was attacked in 2019, which briefly paralyzed the major oil processing plant.
South Pars, which was attacked this time, is the world's largest natural gas field, shared by Iran and neighboring Qatar. It is called the North Field in Qatar. It is reported that the natural gas produced by Iran is mainly for domestic use and is not widely exported. The South Pars gas field provides about two-thirds of the country's natural gas supply.
According to reports, the 14th phase of the South Pars facility was attacked and caught fire. Although firefighters prevented the fire from spreading to other units in time, it still caused production interruption on one of the offshore platforms, which produces 12 million cubic meters of natural gas per day.
On the same day, the Fajr Jha energy facility was also attacked and caught fire. The plant is one of Iran's largest natural gas processing plants and is also responsible for processing fuel from South Pars and the Nar and Cangan fields. The cause of the fire is still unclear. Some media reported that it may be caused by a drone attack.
According to Israeli media, this is the first time Israel has attacked Iran's energy infrastructure, and it is the first time that an Iranian refinery has been attacked since the Iran-Iraq War in the 1980s.
Jorge Leon, an analyst at Rystad Energy A/S, an energy consulting firm who formerly worked at the OPEC Secretariat, also pointed out that "this may be the most important attack on oil and gas infrastructure since Abqaiq (Saudi oil facility). "The Abqaiq refinery was attacked in 2019, which briefly paralyzed the major oil processing plant.
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