Iran Discovers New Gas Field with 19 tcf Reserves

Iran Discovers New Gas Field with 19 tcf Reserves

Iran has discovered a new natural gas field in the southern province of Fars, according to the Oil Ministry’s website SHANA, Reuters reported.

“The new natural gas field is in the southern part of Fars province with 19 [trillion cubic feet] tcf gas in place,” SHANA quoted Reza Dehghan, Deputy Director of the National Iranian Oil Company (NIOC) said.

It is worth noting that Iran’s reserves of natural gas are considered the second largest worldwide. However, the country is not a major exporter of natural gas because of the US sanctions.

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