The South Pars field yields more than 80pc of Iran's production
Letter from the Middle East: Iran’s gas sector under pressure
Tehran’s gas industry faces two old and two new problems
The damage that US sanctions have wreaked on Iran’s oil exports is well-known. Less widely discussed are the effects on its gas industry. As negotiations in Vienna on the nuclear deal heat up, domestic gas is one of Tehran’s biggest concerns, and the country faces four challenges: two old and two new. Iran is holder of the world’s second largest gas reserves and is the third biggest producer of the fuel, but it also—remarkably for a medium-size country—behind only the US, Russia and China as a consumer. A mostly gasified power sector, the connection of even remote settlements to the grid, a cold winter climate, the rapid expansion of gas-based industry, and a legacy of subsidies and ineffici
Also in this section
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
