Iran produced 250 billion cubic meters of gas in 2020, which accounts for 6 percent of the global share and makes up for the loss of its share in the oil market due to sanctions, according to a repot by IRNA.
Gas is expected to remain one of the main energy sources in the world for the next three decades, therefore considering the developments, including Russia’s war on Ukraine and the disruption in gas supply by Moscow, Iran is predicted to play a major role in the market.
As the world is emerging from the coronavirus pandemic, the global demand for gas increased by 4 percent in 2021, with China as one of Iran’s main trade partners recording the highest demand.
Iran sits on some of the world’s largest deposits of proven natural gas reserves.
Despite US-sponsored sanctions, Iran’s natural gas production grew steadily over the past 20 years, making it the world’s third-largest producer.
However, the country needs to rein in its domestic gas consumption which devours a major part of its output.
According to figures provided by IRNA, Iranians consumed 233 billion cubic meters of gas in 2020, which accounted for 42 percent of consumption in the Middle East.
Swiss air quality technology company, IQAIR, has issued a new report on the most polluted…
German Chancellor Olaf Scholz's phone conversation with Russian President Vladimir Putin opens a "Pandora's box",…
The Iranian Foreign Ministry has dismissed claims of a meeting between Elon Musk, a close…
The head of the Atomic Energy Organization of Iran (AEOI), Mohammad Eslami, has announced that…
Ali Larijani, a senior advisor to Iran's Supreme Leader, has stated he conveyed Ayatollah Seyyed…
Iran's permanent mission to the United Nations has announced that Tehran is resolved to legally…