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Iran adds 10trln cubic feet of gas to its reserves...
07 Oct, 2025 09:41 59 min read
Iran has announced a significant new gas discovery of 10 trillion cubic feet in the Pazan field, its first such find in eight years. Despite holding the world's second-largest gas reserves, the country struggles with a domestic supply imbalance. Officials project a recoverable volume of 7 trillion cubic feet, which they believe will help address this shortfall in the coming years. However, production is not imminent, as extraction is estimated to begin only after a 40-month development period. This highlights the gap between discovering new resources and actually bringing them to market to meet immediate energy needs.... More