Iran’s gas woes in focus [Gas in Transition]

Iran’s gas woes in focus [Gas in Transition]

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Natural Gas News
Iran’s gas woes in focus [Gas in Transition]

Summary

Iran boasts the second-largest natural gas reserves in the world, but systemic problems mean that it is struggling with supply shortages. [Gas in Transition, Volume 3, Issue 12] by: Dr Umud Shokri & Dalga Khatinoglu

Iran, the third-largest gas producer in the world, is experiencing severe natural gas shortages amid rising consumption, rampant inefficiency and flagging production. This, international sanctions and other issues have led its export projects to flounder. Boasting the second-largest natural gas reserves in the world, Iran consumed around 240bn m3 of gas in 2022, of which 45% was used for commercial and residential purposes, and the rest by power plants, petrochemical companies, general industry and other sectors. Iran also exports 18bn m3/year of gas to Iraq and Turkey. However, rising houshold demand led Iran to suffer a 250mn m3/day supply shortfall last winter, with the shortages affecting all sectors that use the fuel (see figure 1). The massive offshore South Pars field, which accounts for two-thirds of national production, entered its e...