(92g) Natural Gas Industry in Iran

Gas industry in Iran now contributing in supplying energy by 60 percent share in fossil fuel basket has entered the developing stage after 40 years of Natural Gas emerging in energy sector. The growing demand for Natural Gas in residential and industry section and supply pushing for covering this demand, are the reasons for such statement. For responding to this phase of Natural Gas life, Iran needs investment especially in upstream development, technology transfer and facilitating in exports and imports. According to the annual report in long term Middle East will be the second exporter region and Iran which is the first holder of reserves and first producer and consumer in this area is a potential exporter for next decades. The Islamic Republic of Iran is able to produce more than 400 millions cubic meters per day of Natural Gas from giant Pars field. Regarding internal demand a half of this production can be assigned to exports, inter regionally or worldwide.