Iran adds 10 trillion cubic feet of gas to its reserves
Advertise Here
Iran adds 10 trillion cubic feet of gas to its reserves
Reuters -Oct6th2025
DUBAI, Oct 6 (Reuters) – A new discovery in the Pazan gas field in southern Iran has been made with 10 trillion cubic feet of natural gas, Oil Minister Mohsen Paknejad said on Monday according to his ministry’s news outlet Shana.
Iran holds the world’s second largest natural gas reserves, but most of its production is consumed domestically or lost to flaring, and the country faces a gas imbalance during high demand months.
“This field has 10 trillion cubic feet of gas, and if we consider a 70% recovery rate we can reach 7 trillion cubic feet,” Paknejad said, adding that the new reserves could help cover Iran’s existing imbalances in the coming years.
Paknejad added the new find was made after a pause of 8 years in exploration activities at the field and estimated it would take 40 months before extraction can begin.
Reporting by Dubai Newsroom; Editing by Kirsten Donovan
Read more on original:
Iran Has Friends, but Where Are They Now? 
US submarine sinks Iranian warship with torpedo, as Pentagon says it will strike ‘deeper into Iran’ 
Israel launches new strikes on Iran as US identifies first American soldiers killed in conflict 
Iran war fallout: Shock-hit economy rattles policymakers 
War with Iran expands across region; U.S. expects more casualties 
Iranian president says new leadership council ‘has begun its work’ after death of supreme leader