Iran discovers huge 7.5 trillion cubic feet gas reserve in Fars Province amid US sanctions pressure
Iran's pre-war natural gas production was estimated at around 650 million cubic metres per day, equivalent to approximately 8.4 trillion cubic feet annually. The recoverable gas from the newly discovered field therefore represents a substantial volume compared with Iran's annual production.
Iran has discovered a massive 7.5 trillion cubic feet (212.4 billion cubic meters) of natural gas in the southern Fars province, according to Oil Minister Mohsen Paknejad on August 23. This discovery comes amid ongoing tensions and sanctions, as Iran works to repair energy infrastructure damaged during its conflict with Israel and the United States.
Paknejad stated the gas is "sweet," indicating low levels of impurities, which could reduce development and operating costs. The field could yield around 5.7 trillion cubic feet of gas, representing a significant addition to Iran's natural gas resources. Iran's pre-war natural gas production was around 650 million cubic meters per day, or 8.4 trillion cubic feet annually.
The newly discovered gas could help maintain production despite infrastructure damage. The government aims to restore around 100 million cubic meters per day of lost production capacity in the coming months. The discovery is critical as Iran faces the possibility of new US sanctions that could further disrupt its economy and energy sector.
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