HomeMagazine2018May 2018, Vo. 245, No. 5Iran’s Future Clearly Points to Gas

May 2018, Vo. 245, No. 5

Features

Iran’s Future Clearly Points to Gas

By Nicholas Newman, Contributing Editor With the lessening of U.N. sanctions and expected inflow of foreign capital and technology, it is predicted that gas will be the basis of Iran’s future prosperity and foreign exchange earnings. The country is home to 33.5 Tcf of natural gas, equivalent to 18% of the world’s total gas reserves, and has the fourth-largest oil reserves, estimated at 158.4 billion barrels. Iran’s gas production was 38.6 Bcm in 1995 since which time it has burgeoned to 227 Bcm in 2016. Iran's gas pipeline network In the first nine months of 2017, the National Iranian Gas Company (NIGC) distributed 515 MMcm/d of n

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