Natural Gas
Main article: Natural gas reserves in Iran See also: National Iranian Gas Company and South Pars Gas FieldIran has the world's second largest reserves of natural gas (15.8% of the world's total); these are exploited primarily for domestic use. It contains an estimated 1,045.7 trillion cubic feet (29,610 km3) (Tcf) in proven natural gas reserves. In 2005 a large share of Iran’s natural gas reserves were believed to remain untapped. About 62% of these reserves are located in non-associated fields. Iranian production of natural gas is expected to increase over the next few years due to continuing discoveries in the North Pars and South Pars regions.
Domestic consumption has matched production at 3.6×1012 cu ft (100 km3) in the year of 2005. Domestic consumption is expected to go up at about 7% per year for the following decade. The Iranian government has also subsidized natural gas prices along with gasoline prices, and this is expected to sustain this high level of domestic consumption. In lieu of this increasing domestic demand, natural gas exports are expected to decrease in the following years.
Iran has the third largest consumption of natural gas in the world after United States and Russia. Iran also has the world's largest growth rate in natural gas consumption.
Read more about this topic: Energy In Iran
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