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According to the Iran Petroleum Ministry, the proved natural gas reserves of Iran are about 1,201 trillion cubic feet (34.0 trillion cubic metres) or about 17.8% of world's total reserves, of which 33% are as associated gas and 67% is in non associated gas fields. It has the world's second largest reserves after Russia.
Natural gas and oil consumption both account for about half of Iran’s domestic energy consumption. With its heavy dependence on oil and gas revenues Iran continues to explore for new sources of natural gas and oil. Since 2009, Iran has focused its energy sector on the exploration of the South Pars offshore natural gas fields in the Persian ...
This places Iran behind Russia with the second largest gas reserves worldwide. In 2009, Iran’s natural gas production stood at 116 billion cubic metres. In 2010, this number rose to 138.5 billion cubic metres which shows a 19% increase. Iran plans to boost its natural gas production by 200 million cubic meters until March 2016. [9]
[42] [43] Iran's natural gas production (red) and exports (black), 1960-2012. In addition to the natural gas associated with oil exploration and extraction, an estimated 62 percent of Iran's 32.3 trillion cubic meters of proven natural gas reserves in 2006 were located in independent natural gas fields, an amount second only to those of Russia ...
However, BP credits Russia with only 32,900 km 3, [5] which would place it in second place, slightly behind Iran (33,100 to 33,800 km 3, depending on the source). Due to constant announcements of shale gas recoverable reserves, as well as drilling in Central Asia, South America, Africa, and deepwater drilling , estimates are updated frequently.
The 2:1 ratio of Qatar's cumulative gas production from the field to Iran's is forecasted to continue at least for the short term: by the end of 2011, Qatar's total cumulative production from the field will reach 41 trillion cubic feet (1.2 trillion cubic metres) of natural gas, while Iran's will stand at 21 trillion cubic feet (590 billion ...
As of 2015, it is the largest natural gas producer in Iran. [53] National Iranian Gas Export Co. (NIGEC) in charge of gas exports for the National Iranian Gas Company. Until May 2010, NIGEC was under the control of the NIOC, but the Petroleum Ministry transferred NIGEC, incorporating it under NIGC in an attempt to broaden responsibility for new ...
Its average gas and condensate production 48 million cubic meters per day and 29.2 thousand barrels per day, respectively. Maximum gas and condensate production of the company in 1388(2009–2010) stood at 58 million cubic meters per day and 33 thousand barrels per day, respectively. Gas production capacity of the company is 61mcm/d. [7]