Iran’s natural gas

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  • The effects of U.S. sanctions on Iran’s natural gas projects 2018-12-10 09:51

    By Omid Shokri Kalehsar

    The effects of U.S. sanctions on Iran’s natural gas projects

    Iran holds the second largest natural gas reserves in the world. Despite this advantage, the country controls less than one percent of the world’s natural gas market. Nevertheless, Iran is the third largest gas producer and, over the past few years, has focused on increasing its share of the global gas market. By the end of 2017, according to the National Iranian Gas Company, Iran was producing 800 million cubic meters per day.