Jan 27, 2019 14:54 Asia/Tehran
  • Iran ranked 3rd in Natural Gas production with 6.1 Percent share of market
    Iran ranked 3rd in Natural Gas production with 6.1 Percent share of market

Iran was ranked the third largest natural gas producer in the world with more than 223 billion cubic meters of natural gas production, enjoyed a 6.1-percent share in the global gas market.

Iran Press/Iran news: The latest British Petroleum (BP) survey revealed that by the end of 2017, Iran was ranked third among the world's largest natural gas producers.

According to the National Iranian Gas Company (NIGC), based on the country's macro policies to increase the share of natural gas in the energy mix of the country, Iran as the world's third-largest gas producer in recent years has focused on increasing its share of the global gas market.

since the 2000s, development of the South Pars gas field and its constant growth ever since, increase Iran's Natural Gas production capacity.

Regarding the implementation of development plans for gas refinement, provided that all development plans come on-stream by the end of the Sixth Development Plan to 2021, the total NIGC gas refinery capacity would cross 1,200 million cubic meters per day.

Since the 1979 Islamic Revolution, Iran’s natural gas production capacity has increased from 89 bcm in 1979 to over 3,754 bcm in 2018.

The latest BP survey reveals that by the end of 2017, Iran was ranked the third largest natural gas producer in the world with more than 223 billion cubic meters of natural gas, enjoying a 6.1-percent share in the global gas market.

On Apr 11, 2018, Iranian Oil Minister Bijan Zanganeh who attended the Eleventh International Energy Forum in New Delhi emphasized the decisive role of oil and gas in the world by 2040 and added that there needs to be more investment in oil and gas fields.

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