South Pars Gas Company
South Pars Gas Complex Company is a state-linked gas-processing company in Bushehr Province and one of the most important operating nodes in Iran's natural-gas system. In the Hormuz Group company graph, it matters because its refineries connect South Pars upstream production with domestic gas supply, petrochemical feedstock, condensate flows, LPG/NGL value chains, and industrial activity around Asaluyeh. It is not a listed equity vehicle, but it is central to Iran's energy economy.
Operations & footprint
Products and services
South Pars Gas Complex Company processes sour gas from South Pars onshore facilities into sweet gas, gas condensate, ethane, propane, butane, sulfur, and other gas-refining outputs. Its operations support national gas supply, petrochemical feedstock flows, power generation, household energy demand, and export-sensitive value chains around Asaluyeh and Kangan.
Operations and assets
SPGC operates across two industrial sites in Asaluyeh and Kangan, Bushehr Province, adjacent to the Persian Gulf. Supplementary 2023 reporting describes 13 gas refineries managing 24 South Pars phases. The Asaluyeh site is reported to cover phases 1–10 and 15–21; the Kangan site phases 11–14, 19 and 22–24.
Geographic footprint
Bushehr Province, Iran: Asaluyeh and Kangan.
Ownership & group structure
Parent company
National Iranian Gas Company (NIGC)
Commercial and investment relevance
For investors, South Pars Gas Complex Company is relevant as a core energy-infrastructure and feedstock node. It helps explain the reliability of gas supply for petrochemicals, power generation, industrial users, export-oriented chemical producers, and the Asaluyeh special-zone economy. Due diligence should focus on sanctions exposure, operational continuity, environmental pressure, gas-flaring and emissions issues, feedstock allocation policy, maintenance constraints, and the effect of any disruption on downstream petrochemical and energy-linked supply chains. The complex supplies processed gas and produces condensate, ethane, LPG and sulfur. Its role spans domestic gas supply, petrochemical feedstock and exports. SPGC’s 12th refinery reported 2023 capacity of 50 million cubic metres per day of purified gas, 2,700 tonnes per day of ethane recovery, 3,000 tonnes per day of propane and butane recovery, and 77,000 barrels per day of gas-condensate production capacity for export.
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Frequently asked questions
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What does South Pars Gas Complex Company do?
SPGC operates and processes natural gas and gas condensate from the onshore facilities of the South Pars gas field. Its reported outputs include sweet gas, gas condensate, ethane, LPG and sulfur.
Who owns South Pars Gas Complex Company?
SPGC is a subsidiary of the National Iranian Gas Company (NIGC), according to the company’s official materials.
Where does SPGC operate?
Its operations are located across industrial sites in Asaluyeh and Kangan, Bushehr Province, Iran.
Is South Pars Gas Complex Company publicly listed?
The available evidence does not identify SPGC as a publicly listed company.