Iran still holds world’s largest gas reserves—BP « ASHARQ AL-AWSAT

Iran still holds world’s largest gas reserves—BP « ASHARQ AL-AWSAT:



"Iran still holds the world’s largest proven natural gas reserves, at 33.8 trillion cubic meters—or 18.2 percent of the world’s total proven reserves—according to a BP report published earlier this week, up from 33.6 trillion cubic meters at the end of 2012, when it overtook Russia.



The UK oil and gas giant’s “Statistical Review of World Energy” also showed that despite holding the world’s largest reserves, Iran only accounted for 0.5 percent of global natural gas production, at 166.6 billion cubic meters in 2013.



Years of crippling sanctions have stymied Iran’s oil and gas industries, leaving infrastructure and fields underdeveloped due to lack of investment and expertise."



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