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Syria-Lebanon-Iran | |
Sanctions fail to cut Iran gas output: EIA | |
2014-07-26 | |
The US Energy Information Administration (EIA) has acknowledged that international sanctions have failed to stop Iran's natural gas production growth, PressTV reported. "Despite repeated delays in field development and the effects of sanctions, Iran's natural gas production is expected to increase in the coming years," EIA said in a recent report.
Despite the sanctions, it said, Iran's natural gas production has kept growing in recent years. "Iran's gross natural gas production will increase to 10.6 tcf in 2020," the EIA report said. The agency stated that development of the giant offshore South Pars gas field is the "most significant energy development project in Iran." The gas field, shared with Qatar in the Persian Gulf, is estimated to contain 14 trillion cubic meters of gas and 18 billion barrels of gas condensate. | |
Posted by:Steve White |