‘Iran to double gas production’

Iran’s oil minister Ghozam Hossein Nozari said Monday that the country planned to double its gas production to 400 billion cubic metres a year by 2025.

“We have reached production of about 500 million cubic metres per day this year which puts us in fourth position in the world,” Nozari told an energy conference in Geneva. Iran, the second largest oil exporter in the Organisation of Petroleum Exporting Countries (OPEC), also has the world’s second largest natural gas reserves after Russia.
Nozari said the country had “28 TCM (trillion cubic metres) of gas reserves, with planning to increase gas production by the year 2025 to 400 billion cubic metres per year.” Western oil companies have refused to invest in Iran because of the controversy over its nuclear energy programme and Tehran has increasingly turned to Asian companies.

Daily Times